Puma sees 2023 operating profit of 590-670 million euros

March 01, 2023 08:14 AM CET | By Reuters
Image source: Reuters

(Reuters) - German sportswear maker Puma on Wednesday forecast 2023 operating profit around last year's level, as it expects currency effects and higher freight and raw material costs to again weigh on profitability.

The company sees operating profit in a range of 590 million euros to 670 million euros ($626 million to $711 million), with currency-adjusted sales growth in high-single-digit percentage for the current year.

($1 = 0.9425 euros)

(Reporting by Linda Pasquini and Ozan Ergenay in Gdansk; Editing by Milla Nissi)

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