Puma forecasts strong rebound from end of second quarter By Reuters

BERLIN (Reuters) – German sportswear company Puma said it expected it would see a heavy impact on its results from lockdowns to contain the coronavirus pandemic through the end of the second quarter, but said it sees strong improvements after that.

Fourth-quarter sales rose by a currency-adjusted 9.1% to 1.52 billion euros ($1.85 billion) and operating profit by 14.6% to 63 million euros, meeting average analyst forecasts for 1.52 billion and 62 million euros respectively.

($1 = 0.8226 euros)