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To: Lucretius who wrote (291792)7/27/2004 4:06:29 AM
From: zonder  Read Replies (1) | Respond to of 436258
 
Puma ups FY sales outlook on order volume, 1H sales (2:48 AM ET) LONDON (CBS.MW) -- German sneaker and apparel maker Puma(de:DE:696960: news, chart, profile)on Tuesday said it was lifting its 2004 sales outlook to the top end of its previous 15 percent to 20 percent range due the strong first half and "remarkable" order volume growth at the end of June. During the second quarter, pre-tax profits rose 41 percent to 77 million euros and sales improved 17.1 percent to 352 million euros, driven by 26.3 percent rise in apparel sales during the quarter. Total future orders rose 21.9 percent to 723 million euros, with the bulk of the orders for the third and fourth quarters, as well as the first orders for the first quarter 2005; it said its orders received for its spring/summer 2005 line are "very encouraging." For 2004, it sees pre-tax profits topping a 30 percent growth rate.