[ad_1]
© Reuters. File photo: On March 18, 2016, the logo of the German sporting goods company Puma can be seen at the entrance of a store in Vienna, Austria. REUTERS/Leonhard Foeger
BERLIN (Reuters)-German sportswear company Puma raised its sales forecast for 2021 on Friday, driven by strong demand in the second quarter, especially in North America.
Puma said that it now expects exchange-adjusted sales in 2021 to increase by at least 20%, which is higher than its previous forecast for sales growth this year.
It also specified full-year operating profit guidance, and now expects earnings before interest and taxes (EBIT) to be between 40 and 500 million euros (4.72 to 590 million US dollars).
Puma said that in the second quarter, after exchange rate adjustments, sales almost doubled to 1.589 billion euros, and earnings before interest and taxes (EBIT) turned into profits of about 109 million euros.
(1 USD = 0.8472 Euro)
Converged Media Fusion Media or anyone related to Fusion Media will not be liable for any loss or damage caused by relying on the data, quotations, charts, and buy/sell signals contained in this website. Please fully understand the risks and costs associated with financial market transactions. This is one of the most risky forms of investment.
[ad_2]
Source link
