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Puma raises target on record Q1 sales‎


Puma raises target on record Q1 sales‎


Puma has said it is aiming for sales of three billion euros this year. That is sooner than expected and more than analysts has forecast.

The prediction came as the German sporting goods maker reported record first quarter sales driven by growth in the United States.

Puma, owned by French luxury group PPR, said it also managed to increase sales in Japan in the quarter, one of its key markets, despite the earthquake there.

Sales of three billion euros in 2011 would equate to an 11 percent rise, compared with the group’s previous forecast for medium to high single-digit growth.

It is also aiming to increase annual sales to four billion euros by 2015.

Puma is the world’s number 3 after Nike and Adidas.

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