Profits at German sportswear firm Puma slips in 2024

NAMPA / DPA

2025-03-12

Berlin (dpa) - German sporting goods manufacturer Puma suffered a drop in profits in 2024 and has been lagging behind its long-time local rival Adidas. Net income at Puma dropped by 7.6% to ?282 million ($308 million), the company announced on Wednesday. Sales rose by 2.5% to around ?8.8 billion, or 4.4% growth after adjusting for currency effects. Puma's much larger competitor Adidas, which is headquartered in the same small Bavarian town of H......

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