Rieker
Puma net profit fell by 76,2%
04.08.2014 4287

Puma net profit fell by 76,2%

Puma summed up the results of the second quarter of 2014, according to which net profit fell by 76,2% to 4,2 million euros. Revenue decreased by 5,8% compared to the previous year and amounted to 652,2 million euros.

The main reason for this state of affairs is the increase in tax rates, brand representatives explain. They predict that the situation will improve in the second half of the year. The head of Puma, Björn Gulden, emphasizes that there is steady growth ahead. At the same time, the current results are quite satisfied with the top manager.

The sporting goods manufacturer recently signed a new contract with Arsenal Football Club. In addition, the company has launched a massive advertising campaign featuring sports stars. Against this backdrop, Puma is counting on profit.

Puma summed up the results of the second quarter of 2014, according to which the net profit decreased by 76,2% - to 4,2 million ...
5
1
Rating
Euro Shoes Exhibition

Latest News

Expo Riva Schuh & Gardabags took place in Italy

The January exhibition of shoes, bags and accessories Expo Riva Schuh & Gardabags in Italy has ended. The event was attended by 430 exhibitors from more than 30 countries, the exhibition received 3500 visitors from 86…
21.01.2022 192

OR Group made a technical default on bonds

OR Group (former Obuv Rossii Group of Companies) failed to redeem bonds for 0,6 billion rubles on time, allowing a technical default. The holder of the bonds is Promsvyazbank (PSB), with which negotiations are underway. If they fail, the group...
21.01.2022 236

The collaboration between New Balance and artist Joshua Wades has released an updated version of the New Balance 57/40

In the design of the new New Balance 57/40 NB model, created in collaboration with the artist Joshua Vaidsaom, there are flecks - traces of paint that are reminiscent of the artist's youth and his passion ...
20.01.2022 178

MICAM postponed to March

The organizers of Europe's largest international footwear exhibition MICAM have announced the postponement of the date of the event. The exhibition will be held from 13 to 15 March instead of the originally scheduled dates - from 20 to 22…
20.01.2022 259

Detsky Mir recycled about 3 tons of footwear and textile waste

Detsky Mir Group and Dmitrovsky RTI Plant, the largest waste processing plant in Russia, summed up the results of the campaign “New life for unwanted clothes and shoes with benefits for you” for 2021…
20.01.2022 355
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning