German sportswear manufacturer PUMA reported a €3.3 million EUR net loss for the second quarter (April-June), a figure that can be attributed to the strong currency fluctuations, particularly the USD, in addition to increasing spending for marketing efforts. Despite this recent news, not all is negative for the Herzogenaurach-based company as it recorded a larger portion of profits than its biggest rivals in South American and Russia, and also saw its shares rise as much as 3%. CEO Bjorn Gulde...
German sportswear manufacturer PUMA reported a €3.3 million EUR net loss for the second quarter (April-June), a figure that can be attributed to the strong currency fluctuations, particularly the USD, in addition to increasing spending for marketing efforts. Despite this recent news, not all is negative for the Herzogenaurach-based company as it recorded a larger portion of profits than its biggest rivals in South American and Russia, and also saw its shares rise as much as 3%. CEO Bjorn Gulde...
Share this Article
Recommended