DGAP-News: PUMA SE: PUMA's Second Quarter Sales and Profitability heavily affected by COVID-19
Sales in the second quarter of 2020 decreased by 30.7% currency adjusted to 831.1 million (-32.3% reported), with sales declining in all regions and all product divisions.
- Sales in the second quarter of 2020 decreased by 30.7% currency adjusted to 831.1 million (-32.3% reported), with sales declining in all regions and all product divisions.
- PUMA had a weak start into the quarter, with April sales down 55.2% year-on-year and May sales down 37.5%.
- All product divisions showed a double-digit decline in currency adjusted sales, with Footwear being down 34.1%, Apparel 32.2% and Accessories 18.2%.
- PUMA started the year with a very positive order book for 2020, with strong and balanced growth in all regions.