Euro 2016 lift sees Puma profits top analysts’ estimates

Puma has reported second-quarter profits that topped analysts’ estimates as the German sportswear maker got a lift from Euro 2016 and a focus on the women’s market.

Earnings before interest and taxes rose to €12m, Puma said in a statement, beating analysts’ average expectation of €10.6m.

Sales rose 7% to €827m, compared with the €820m consensus.