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In the third quarter, Puma, the German manufacturer of sports goods, increased its net profit by 24.7% compared to the same period last year to 77.5 million euros. EBIT for the quarter reached 130 million euros, rising by 28%. Profitability was 49.6%, exceeding the last year figure of 48.1%. Revenue during the earnings period increased by 10.7% to 1 billion 242 million euros. Revenue growth of 6% was recorded in Europe, the Middle East and Africa. In North and South Africa, the increase was 10%, in the Asia-Pacific region – 21.1%. The company increased its quarterly shoe sales by 2.4%, clothing – by 23.2%, accessories – by 8.7%.
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
Spain’s unemployment rose to 15.33% for the second quarter of 2020, according to Tuesday’s data from the National Statistics Institute amid the worsening COVID-19 situation in the country. The unemployment rate surged past the ...
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