Puma revealed its financial results

Germany: Puma has revealed its financial results for fourth quarter of the 2016 financial year.

Puma is a German multinational company that designs and manufactures athletic and casual footwear, apparel and accessories. The company’s sales increased 10% on currency adjusted basis to Euro 958 million with growth across all regions and product segments. The EBIT improved 30% in the period to Euro 14 million.

In the full-year 2016 period, sportswear retailer’s sales surged 10% on currency adjusted basis to Euro 3,627 million. While, the EBIT increased by 33% to Euro 128 million.