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Article Date: February 2020
Word Count: 751

Puma Shares Leap on Strong Q4, Optimistic Virus Outlook


Net income improved 55% to €17.8 million ($19.3 mm) from €11.5 million in the seasonally small Q4 ended Dec. 31 as the sales momentum continued with a 21% gain to €1,478.6 million ($1,599.5 mm) from €1,226.4 million. But more importantly, it gave a detailed assessment of the impact of the coronavirus on its operations, concluding that while there was a significant impact on sales in the Chinese market that will hit Q1, it sees the situation in its supply chain continuing to improve with most of its factories at least operational, almost all of the input factories operational and the ... Log in to view full article.

 


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