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Puma expects more pain from volatile currencies

2015-02-16 17:53:06| Footwear - Topix.net

German sportswear firm Puma predicted currency fluctuations, particularly the strong U.S. dollar, will weigh on earnings this year after suffering a surprise loss in the last three months of 2014. The impact of the dollar strength was evident in the fourth quarter when the company reported a net loss of 4.6 million euros , compared with forecasts for a net profit of 7 million.

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