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Puma raises 2021 outlook driven by strong second quarter

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July 16, 2021

German sportswear company Puma Boosted by strong demand in the second quarter, especially in North America, we raised our 2021 sales outlook on Friday.

Photo:-Puma

Puma said it expects 2021 currency-adjusted sales to increase by at least 20% from previous forecasts for mid-teens annual sales.

It has also designated full-year operating income guidance and currently expects EBIT before interest and tax of € 400-500 million ($ 472 million- $ 590 million).

According to Puma, second-quarter currency-adjusted sales nearly doubled to € 1,589 million and EBIT was a profit of around € 109 million.

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Puma raises 2021 outlook driven by strong second quarter

Source link Puma raises 2021 outlook driven by strong second quarter

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