Puma AG announced earlier today its consolidated financial results for the second quarter and first half of 2008. While consolidated sales increased more than 11% (currency-adjusted), the gross profit margin remained above 52%. EBIT went up 2% to €62 million. Accordingly, global brand sales registered at €1.4 billion for the first half-year. Sales were up almost 9% (currency-adjusted), along with a gross profit margin of 53%. EBIT was €188 million. “Puma’s performance in the second quarter improved at a steady pace, ahead of the Q1 progression,” said Jochen Zeitz, CEO. “Thanks to our scheduled brand investments, consolidated sales were up 11% in the quarter, driven by a solid growth in all regions and categories. I remain confident in Puma’s ability to achieve another year of top-line growth despite an ongoing difficult global consumer environment.”