By  on February 19, 2020

Puma confirmed 2019 as a record-breaking year at a press conference in the company’s hometown of Herzogenrath in western Germany today. The firm reported an 18.4 percent increase in sales to 5.5 billion euros.

The third-largest sportswear company in the world also achieved an increase of 30.5 percent in EBIT — earnings before income and taxes — bringing these to 440 million euros. Good results had been expected and chief executive officer Bjorn Gulden had already raised guidance twice during the year, although these figures surpassed his predictions, which are traditionally conservative. He had already said he expected growth of 15 percent to make EBIT of 420 million euros.

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