Puma AG published consolidated financial results for the fourth quarter and 2010 fiscal year, showing record sales growth.
In the fourth quarter of 2010, the company's total sales grew by 28,2% to 623 million euros, showing record growth.
Over the year, total sales increased by 10,6% and for the first time reached the bar of more than 2,7 billion euros, net profit increased by 154% and amounted to 202,2 million euros.
Despite the fact that in 2011 there will be no major sporting events, management Puma expects average annual sales growth. It is also forecasted that net profit will increase slightly, the website reports. riamoda.ru “We ended the year with record sales in a strong quarter, which made a significant contribution to overall sales and operational execution in 2010, and this clearly demonstrates the strength of our brand and company and an improved consumer environment,” said CEO Jochen Seitz.