17:06 - 6.11.2024

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November 6, Fineko/abc.az. In the 3rd quarter, the German manufacturer of sporting goods, Puma SE, lowered its net profit by 3% to 127.8 million euros compared with 131.7 million euros for Q3, ABC.AZ informs with referenvce to company's report.

Meanwhile, earnings before tax and interest payments (EBIT) grew by 0.3% up to 237 million euros.

Income decreased by 0.1% to 2.308 billion euros, but excluding changes in the exchange rate, the indicator increased by 5%.

Sales of shoes grew by 9.3% (up to 1.24 million euros), accessories - by 2.9% (up to 304 million euros), while sales of clothing decreased by 0.7% (to 764 million euros).

Puma's stock prices are down 5.6% during trading on Wednesday. Since the beginning of this year, company's capitalization has fallen almost by 21% (to 6.3 billion euros), while the DAX stock index has risen by 15.7%.