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Shares in Puma ended up up .8 % at 0817 GMT, outperforming a .9 % fall in the mid-cap index .

The Japan sector is also recovering more quickly than expected, the business mentioned.

"We have recovered a lot a lot more promptly than anticipated in Japan. Income development is up in the considerable mid-one digits, even up to double digits," Koch claimed.

That could bode properly for neighborhood rival Adidas, which reports on Aug. 4 and has forecast a fifteen-twenty five % drop in sales in the market following the Japanese earthquake and tsunami earlier this year.

The success come as Jochen Zeitz hands above the reins immediately after 18 several years to Koch. Zeitz has taken up the function of head of sport and lifestyle at French high end items group and Puma parent PPR .

Koch explained he would update on any strategic adjustments in October or November.

The group reported 2nd-quarter product sales up 14.1 percent at 674 million euros, in line with expectations, and net earnings up 10.6 percent at 37.six million euros. (Reporting by Victoria Bryan Modifying by Will Waterman) ($1=.6884 Euro)<br><a href=http://www.chaussurepaschere.org/puma-men-006-p-4947.html>bottes puma</a>

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