Puma: raises guidance after 'very strong' quarter
(CercleFinance.com) - On Wednesday Puma raised its growth and profit forecasts for 2021 after a Q3 that it said was "very strong", despite the supply problems that it may be experiencing at the moment.
The German sports goods maker's sales jumped 20% to 1.9 billion euros in Q3, boosted by the brand's growing success the Americas.
Ebit improved to 229 million euros, compared with 190 million euros in the same period last year.
Puma also said that it is targeting sales growth of at least 25% this year, expects cluding currency effects, instead of at least 20%.
Puma shares are up almost 3% late on Thursday morning in Frankfurt stock exchange.
Puma warned that the prolonged lockdown in Vietnam, congestion in port areas and container shortages could affect its supply capacities in the near term.
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