German sportswear giant Puma’s sales grow 1.6% to €8,602 mn in FY23

Puma reported preliminary FY23 sales of €8,602 million, a 6.6 per cent currency-adjusted and 1.6 per cent reported growth, with EBIT at €622 million.
Despite the Argentine peso’s 54 per cent devaluation impacting finances, the company’s net income was €305 million.
Q4 faced a 4 per cent sales drop, yet EBIT remained strong at €94 million.

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