Puma plans efficiency programme as figures fail to meet expectations

NAMPA / DPA

2025-01-22

Munich (dpa) - German sporting apparel group Puma is planning to introduce an efficiency programme aiming to raise the company's profit margin, boss Arne Freundt said on Wednesday. Puma achieved a higher operating result in the fourth quarter, but fell well short of market expectations. Earnings before interest and taxes (EBIT) rose from ?94 million ($97 million) to ?109 million, the company said on Wednesday evening. On average, analysts had e......

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