Puma’s Q3 performance in India witness increased sales

Company Performance

Puma’s Q3 performance in India witness increased sales

German sportswear firm, Pumasaid Indiais the only exception in the Asia/ Pacific region which delivered a good performance with increased sales in running and lifestyle categoriesin the third quarter ended September 30. Puma's net sales in Asia/Pacific regiondeclined by 18.2 per cent to 174 million euro compared with 212 million euro in the corresponding quarter last year, the company said in a statement.

"The Asia/Pacific region was weak across nearly every country in the third quarter. The only exception was India, which delivered an encouraging performance with increased sales in the Running and Lifestyle categories," it added. Puma, however, did not give break of country wise sales numbers.

Commenting on the company's performance during the quarter, Puma SE Chief Executive Officer Bjoern Gulden said: "We know that our business is currently in a difficult position with challenging sell-through, sub-optimal distribution and low brand heat. But we also know that PUMA is an amazing brand. We will turn this business around and make 'the cat' shine again."

The firm reported consolidated net earnings at Euro 53 million in the third quarter compared with Euro 12 million in the same period last year due to the impact from special items in 2012.