Puma’s Q1 sales and profit decline due to Covid-19

Puma’s sales declined in the first quarter of 2020 by 1.3 percent currency adjusted or 1.5 percent reported to 1,299.8 million euros (1,409 million dollars). Due to the negative impact of Covid-19 EBIT decreased by 50.1 percent to 71.2 million euros (77.1 million dollars), while net earnings went down by 61.6 percent to 36.2 million euros (39.2 million dollars and earnings per share decreased from 0.63 euros to 0.24 euros.