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Puma Reports Strong Start To '17, Especially In The Americas

Puma today said that its "businesses in the Americas and Europe had had a strong start to the year." Sales "grew fastest in the Americas," up 17%. In Europe, the Middle East and Africa they were up 15.9%, and in Asia they rose 12.4%. In light of its "rapid start to the year," Puma earlier this month "raised its sales and earnings forecasts" for '17. It expects sales to grow at a “low double-digit” rate and its annual operating profit to be between US$201-218M (FT.com, 4/25).

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