The German sportswear and footwear manufacturer Puma posted a net profit of 352.1 million euros in the first nine months of this year, which represents a profit 16.7 % higher than those registered during the same period of 2021, as reported on Wednesday by the multinational, which has reiterated its sales growth forecast for the year as a whole.

Puma’s turnover until September reached 6,268.5 million euros, 24.4 % more than in the same period last year. By business segments, footwear sales totaled 3,141 million euros, 30.4 % more, while clothing sales rose 20.6 %, to 2,159.5 million. Revenue from accessories, meanwhile, was 968 million, 15.3 % more.

By geographical area, sales of the German company in Europe, the Middle East and Africa (EMEA) grew by 21.9 % until September, with 2,386.7 million, while in America they rose 40.8 %, to 2,688, 3 millions. In Asia-Pacific, Puma recorded revenues of 1,193.4 million euros, 2% more.

Between July and September, Puma’s net profit reached 146.4 million euros, 1.8 % more than in the third quarter of 2021, while sales of the German company totaled 2,354.4 million euros, 23.9 % more.

“Despite all the global uncertainties, the third quarter was again a very good quarter for us,” said Bjorn Gulden, CEO of Puma.

However, the executive warned that, although strong demand for footwear continues to be seen, it is also appreciated that the high levels of inventory in the market, especially clothing, have led retailers to place orders more cautiously than a year ago.

“We continue to see a strengthening of the Puma brand and our sales globally. We expect continued volatility in the market during the fourth quarter, but we are confident that we can deliver according to our outlook for the full year,” he added.

In this way, despite the highly uncertain environment, Puma has reiterated its outlook for 2022 of sales growth adjusted for exchange rates of between 15 % and 16 % and an operating result in a range of 600 to 700 million euros, compared to 557 million in 2021.

In any case, in line with previous expectations, the company estimates that inflationary pressures stemming from increased freight rates and raw material prices, as well as operational inefficiencies due to Covid-19 and the Ukraine crisis will dilute profitability in 2022.

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Source: dpa

La entrada Puma announces net profit of 352.1 million euros until September apareció primero en Bitfinance.

The semi-annual report issued by the technological giant Huawei reflects revenues of more than 44,000 million dollars between January and June 2022, with which the company accumulates a net profit of 5 %.

The Chinese firm specializes in three key areas of the technology market: support, devices and business. In the first sector, Huawei reached 142.7 billion yuan; in the area of ​​devices, revenue was 101.3 billion yuan and the third sector – business – profit was 54.7 billion yuan.

The semi-annual report of the leading Chinese company in the technology market, but which has not been exempt from sanctions and crises, reflects moderate and constant growth.

Huawei rotating Chairman Ken Hu said: “In the future, we will take advantage of the trends in digitization and decarbonization to continue to create value for our customers and partners, and ensure quality development.”

M.Pino

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Source: xinhuanet

La entrada Huawei exceeds $ 44,000 million revenues in the first half of 2022 apareció primero en Bitfinance.

The Colombian oil company Ecopetrol recorded a net attributable profit of 17 billion Colombian pesos (3,882 million euros) during the first six months of the year, which means multiplying by more than two the result obtained during the same period of the previous year and allows it to exceed the benefits of the 2021 financial year, according to the company’s quarterly results report.

The company has justified these results in an environment of favorable prices and a “great effectiveness” of the commercial strategy in capturing the differentials of the products. Likewise, there has been an upturn in sales volume, “historic” refining margins and management that has mitigated inflationary pressures.

In terms of billing, the revenues of the state-owned company amounted to 76.3 billion pesos (17,393 million euros) during the reference period, twice as much as in the first half of 2021. On the other hand, the costs associated with sales they grew by 86.9 %, to 41 billion pesos (9,340 million euros).

The company’s president, Felipe Bayón, has particularly highlighted the performance of the refining segment, which consolidated “historic operating and financial results in the quarter”, as a result of high operational availability, active inventory optimization and “successful” commercial strategy for products and petrochemicals, among other factors.

On the other hand, the gross operating result (Ebitda) grew by 116.3 %, reaching 38.1 billion pesos (8,676 million euros), with a margin of 49.9 %, which implies an increase of 1.8 points compared to the first half of 2021.

Regarding the results recorded between April and June, the company recorded a profit of 10.47 billion pesos (2,385 million euros), almost triple that of a year earlier; while turnover increased 125.7 %, to 43.8 billion pesos (9,991 million euros).

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Source: dpa

La entrada Ecopetrol reaches a profit of 3,882 million euros in the first half of the year apareció primero en Bitfinance.