Puma confirms annual targets – share price under pressure

After concerns arose on the stock market on Thursday regarding the third quarter of the sporting goods manufacturer Puma, the group confirmed its annual targets at midday. “We hereby confirm the outlook for the full year,” said a spokeswoman at the request of the financial news agency dpa-AFX. When asked, Puma did not want to comment on the quarterly results due to be published on October 24th.

The strong pressure to sell was justified on the market by the fact that analysts’ estimates were currently being dampened. Puma shares temporarily lost double digits, most recently they were down eight percent. (dpa)

ttn-12