As announced by the sports goods manufacturer from Herzogenaurach, the operating result (EBIT) rose to approximately 101 million euros in the third quarter of 2017. In the third quarter of 2016 it was 60 million euros.
Puma also expects an increase in sales for the fourth quarter of 2017. For this reason, the sporting goods group is also raising its forecast for Group sales, gross profit margin, operating expenses and operating result (EBIT) for the full year 2017.
For the year as a whole, Puma is expected to post currency-adjusted sales growth of 14 to 16 percent. The management's previous forecast was between 12 and 14 percent.
The operating result (EBIT) is expected to be between 235 million euros and 245 million euros. Management also continues to see a significant improvement in net income for 2017.
Puma is headquartered in Herzogenaurach (Germany) and distributes its sporting goods in 120 countries. More than 10,000 employees work for Puma worldwide.