BERLIN (Reuters) – German sportswear maker Puma reiterated its full-year operating result outlook on Wednesday, despite uncertainty on the global market, after its operating profit rose by nearly 13% in the third quarter.
The company said its earnings before interest and taxes (EBIT) rose by 12.6% on the year to 258 million euros ($257 million).
“Improved product availability due to a more stable supply chain, better than expected sell-through and Puma’s continued global brand momentum overcompensated all the negative external factors,” said Puma Chief Executive Bjorn Gulden.
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(Reporting by Alexander Huebner, Writing by Miranda Murray, editing by Kirsti Knolle)
