By  on July 24, 2013

BERLIN — Earnings and sales continued to decline at Puma in the second quarter of 2013, and while the company confirmed its full-year outlook, the sport lifestyle brand expects the second half of 2013 “to remain quite challenging for us,” chief financial officer Michael Laemmermann said Wednesday in a conference call.

Impacted by sluggish performance in several key markets and negative currency effects, net earnings fell 33 percent to 18 million euros, or $23.5 million, in the three-month period ended June 30. Currency-adjusted sales for the quarter slipped 4 percent to 692 million euros, or $903.7 million. Sales in euro terms fell by 8 percent.

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