Stock Groups

Puma predicts strong 2022 despite ongoing challenges -Breaking

by Mike Robinson

[ad_1]

© Reuters. FILEPHOTO: A Puma logo is seen in front of one its Vienna stores, Austria on March 18, 2016. REUTERS/Leonhard Foeger

BERLIN (Reuters). German sportswear manufacturer Puma stated Wednesday that it expects sales to increase by at least 10% in a currency-adjusted manner in 2022, despite continuing challenges due to COVID-19 limitations, political tensions and constraints to supply chains.

Puma has already released preliminary results for 2021.

It said that inflationary pressures due to increased freight and raw material costs, along with operating restrictions due to COVID-19 would impact profitability in 2022.

($1 = 0.8836 euros)

Disclaimer: Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs include stocks, indexes and futures. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.

[ad_2]