German sportswear company Puma said on Thursday it remained concerned about the strain the coronavirus pandemic is putting on its supply chain, but reiterated the mid-term outlook for the sector and company remained positive.

Chief executive Bjorn Gulden said Puma was able to overcome shortages of freight capacity, harbour congestion and Covid-19 restrictions in some countries to report strong sales and earnings growth in the second quarter thanks to strong demand.

“We are, of course, still worried about the impact Covid-19 will continue to have on our business in the short-term, now especially in the supply chain,” Gulden said in a statement.

“But we continue to be very positive for the mid-term outlook for our sector in general and specifically for Puma.”

The company, which outfitted Puma European soccer champions Italy, confirmed preliminary second-quarter sales and earnings figures released two weeks ago with currency-adjusted sales nearly doubling to €1.59 billion ($1.88 billion) and earnings before interest and taxes (EBIT) of around €109 million.

The company also reaffirmed its 2021 outlook for currency-adjusted sales increase of at least 20 percent after earlier predicting percentage growth in mid-teens.

By Tomasz Janowski; Editor: Caroline Copley

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