Financial

Puma sees 2022 sales up at least 10%, headwinds from higher costs, China

By Eugenio Di Maria, Heather O'Brian 2022-02-23T17:22:00

PUMA-Headquarters4

With its traditional conservative approach, Puma said it expects currency-adjusted sales to increase by “at least 10 percent” in all the regions in 2022, despite a very strong order book, but warned that higher freight and raw material costs would weigh on profits, while an ongoing consumer boycott in China ...

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