PUMA’s First Half Revenue Rises by 12.7% to 4.3 Billion Euros, Citing China Market as Key for Future Growth

On July 26th, German sportswear brand PUMA released the key financial data for the second quarter and first half of the fiscal year 2023: Benefiting from strong growth in Europe, Middle East, Africa, and the Asia-Pacific region (including Greater China), second-quarter sales increased by 11.1% year-on-year to 2.121 billion euros, while first-half fiscal year sales grew by 12.7% year-on-year to 4.308 billion euros. Within the Asia-Pacific region, buoyed by the recovery in Greater China, growth reached 24.4%. EBIT (Earnings Before Interest and Taxes) and net profit declined by 21.2% and …