Puma sets 2022 targets to lift profits, sales

German sportswear brand Puma expects to boost underlying sales by around 10 percent a year up to 2022 and bring its profitability closer to that of larger rivals Adidas and Nike, it said on Tuesday.

Puma's shares were up 2.9 percent at 1005 GMT, the biggest German small-cap gainer. The stock had dipped after French parent Kering said in January it would spin off the brand before rallying on an upbeat 2018 outlook last month.