German sports goods manufacturer Puma increased its revenue by almost a quarter in the fourth quarter, and at the end of 2022 the figure was a record. According to the company’s press release, Puma revenue in October-December rose 24% to €2.2 billion. Note that the company is not in the DAX Index.

Net Puma revenue fell 5.6 times to €1.4 million from €7.9 million in the same period the previous year. For 2022, the company recorded record revenue and EBIT in its history. Revenue rose 19% to €8.47 billion and EBIT increased 15% to €641 million.

Sales in the Americas jumped 29% in the past quarter; EMEA jumped 26.1%, and Asia-Pacific rose just 1.6%. In 2023, Puma expects organic revenue growth of 7-9% and EBIT in the range of €590 million to €670 million.

Puma shares were down 1.4% in early trading Wednesday. The company’s capitalization rose 22.2% in the last three months to 9.16 billion euros.

Earlier we reported that the dollar is rising against major currencies on the statements of the Fed representatives.