what is puma market share10 marca 2023
Where the hand of work is not as expensive as in other countries. 133 competitor The relationship between the two brothers deteriorated until they agreed to split in 1948, forming two separate entities, Adidas and Puma. Find the latest PUMA SE (PUM.DE) stock quote, history, news and other vital information to help you with your stock trading and investing. Currently, you are using a shared account. You only have access to basic statistics. Privacy Act (CCPA), please email [emailprotected]. customers respectively. Have Watchlists? (3). Marketing Mix of Puma. Accessed March 04, 2023. https://www.statista.com/statistics/254019/share-of-pumas-consolidated-sales-worldwide-by-segment/, Puma. PUMA Mission Statement We aim high, and when we score our goals, we aim even higher. 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After my mother died, my cousin took her designer purse, and my aunt took 8 paintings from her home then things really escalated, Here are the major brands that have pulled ads from Facebook, Its Cyber Monday in May: Embattled retailers tempt anxious consumers with rare online deals, Puma ups profit outlook after strong first quarter, Puma sees rise in 2017 profit despite 4Q loss, Puma turns to profit on across-the-board growth, Nike may score sponsorship deal with Chelsea, Adidas wrong-footed in Puma sports-shoe case, Puma sales rise on Rihanna endorsement deal, Puma loss narrows as sales rise on Rihanna boost, Puma profit falls 30% on currency effects, Puma swings to loss as forex pressures hurt growth, Kering profit from Saint Laurent, Bottega Veneta, Puma's net loss narrows; confident on turnaround, Nike, Under Armour & Lululemon: How Millennials Will Drive Demand For Athletic Wear, Puma posts fall in profit due to heavy investments, Puma backs outlook even as sales, profit decline, PPR: Redcats sale to be announced before Oct. 25, DZ BANK AG Sticks to Their Buy Rating for PUMA SE NPV (PMMAF), Berenberg Bank Reaffirms Their Buy Rating on PUMA SE NPV (PMMAF), PUMA SE NPV (PMMAF) Receives a Buy from Goldman Sachs, Deutsche Bank Reaffirms Their Buy Rating on PUMA SE NPV (PMMAF), Jefferies Keeps Their Buy Rating on PUMA SE NPV (PMMAF), J.P. Morgan downgrades PUMA SE NPV (PMMAF) to a Hold, RBC Capital Remains a Buy on PUMA SE NPV (PMMAF), PUMA SE NPV (PMMAF) Receives a Buy from UBS, DZ BANK AG Reaffirms Their Buy Rating on PUMA SE NPV (PMMAF), Analysts Opinions Are Mixed on These Consumer Goods Stocks: Mercedes-Benz Group (OtherMBGAF) and PUMA SE NPV (OtherPMMAF), Analysts Are Bullish on Top Consumer Goods Stocks: PUMA SE NPV (PMMAF), GURU Organic Energy Corp (GUROF), J.P. Morgan Sticks to Its Buy Rating for PUMA SE NPV (PMMAF), PUMA SE NPV (PMMAF) Gets a Buy from Jefferies, Credit Suisse Remains a Buy on PUMA SE NPV (PMMAF), RBC Capital Reaffirms Their Buy Rating on PUMA SE NPV (PMMAF), Analysts Are Bullish on These Consumer Goods Stocks: Stellantis (STLA), PUMA SE NPV (PMMAF), PUMA SE NPV (PMMAF) Receives a Buy from RBC Capital, Positive Report for PUMA SE NPV (PMMAF) from DZ BANK AG. The market capitalization of the PUMA Group rose accordingly from 10.2 billion at the end of the financial year 2019 to 13.8 billion at the end of the financial year 2020. Get full access to all features within our Business Solutions. Know their technology stack, contract renewal date, top decision-makers, hiring trends, and top company news in one place. The sudden rise in CAGR is attributable to this market's demand and growth, returning to pre-pandemic levels once the pandemic is over. She has been a part of the Supervisory Board since 2019 and is a member of the Audit Committee. HERZOGENAURACH, Germany--Puma SE PMMAF Thursday posted a narrower fourth-quarter net loss, as it saw strong sales growth in its footwear, running and training categories. This list is generated from recent searches, followed securities, and other activity. are the United States with 13(34.21%), Canada with 4(10.53%), United Kingdom with 4(10.53%) customers respectively. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. At the New York Fashion Week, our spectacular FUTROGRADE show took place both on the runway and in the virtual world. The opportunities for any brand can include areas of improvement to increase its business. Puma customers are from the Clicking on the following button will update the content below. Global revenue of Adidas, Nike and Puma from 2006 to 2021 (in billion euros) [Graph]. 2021's report can be found here Footwear sales accounted for 46.5 percent of Puma's sales in 2021, the largest share of the sportswear company's three product segments. Then you can access your favorite statistics via the star in the header. The two companies have greater revenue flow and disposable income. We also expanded our network of PUMA Stores around the world, including new flagship stores in Singapore and Buenos Aires. While the COVID-19 pandemic eased in Europe and the Americas, the situation in 2022 remained challenging in parts of Asia, especially in China, where our employees did an exceptional job despite the repeated lockdowns. Puma faces strong competition from Adidas and Nike. We also received the Footwear News Sustainability Leadership Award and were given the highest possible mark for our transparency and performance on climate change by not-for-profit charity CDP. Net profit for the quar PARIS--French luxury-to-retail company PPR SA (PP.FR) is set to make an announcement regarding the sale of its Redcats mail-order business before Oct. 25, said Chief Executive Francois-Henri Pinault, Thursday. Puma uses a mix of demographic, geographic and psychographic segmentation strategies to understand the changing needs of the customers in the competitive market. PUMA SE is a Germany-based company engaged in designing, developing, selling and marketing sports footwear, apparel and accessories. ", Statista, Global revenue of Adidas, Nike and Puma from 2006 to 2021 (in billion euros) Statista, https://www.statista.com/statistics/269599/net-sales-of-adidas-and-puma-worldwide/ (last visited March 04, 2023), Global revenue of Adidas, Nike and Puma from 2006 to 2021 (in billion euros) [Graph], Statista, March 10, 2022. Nginx with Operating expenses (OPEX) increased by 18.1% to 938.7 million (Q4 2021: 795.1 million) as a result of higher marketing expenses, a higher number of retail stores in operation as well as higher sales-related distribution costs. This is the main secret of the . Intraday data delayed at least 15 minutes or per exchange requirements. Under Armour targets men, women, and children from middle class and upper class backgrounds. The CEO Ben Francis spotted a gap in the sportswear market which was the lack of affordable activewear for young gym-goers. The payout ratio for the financial year 2022 will be 34.7% (FY 2021: 34.8%) of the consolidated net earnings according to IFRS and is in line with PUMA SE's dividend policy, which foresees a payout ratio of 25% to 35% of consolidated net earnings. Puma's shoe and clothing designs feature the Puma logo and the distinctive "Formstrip" which was introduced in 1958. In the Ansoff Matrix, this intensive strategy for growth focuses on selling more of the company's current sports shoes, apparel, and equipment to current markets. Please do not hesitate to contact me. To exercise your Do Not Sell My Personal Information rights under the California Consumer Please do not hesitate to contact me. This also shows that Puma has a long way to go. Puma expects full-year earnings before interest and tax of FRANKFURT--Puma SE said Wednesday it turned to profit in the second quarter, thanks to growth at all its business segments. To reach out to young audiences who are particularly concerned about sustainability, the environment and climate change, we held our first Conference of the People in London. Sales in EMEA were up 25.5% (ca), reflecting strong growth across all key markets in Europe. It allows Puma to roll out local, regional, or global campaigns with ease. In addition, we are seeing increased inventory levels across our industry, which contribute to a competitive market environment. 1. PUMA kept its eight strategic priorities unchanged in 2022: brand heat, product ranges that are right for our consumers, a comprehensive offer for women, quality of our distribution, speed and efficiency of our organizational infrastructure, re-entry into Basketball to improve our position in North America and a focus on local relevance as well as sustainability. statistic alerts) please log in with your personal account. Please do not hesitate to contact me. This text provides general information. Puma's Top competitors in the web-and-application-servers category are Nginx, Apache, Apache HTTP Server. Like arch rival Nike, Adidas has seen its revenues evaporate in 2020. The number of companies that have started using Puma in the past month. 2 Colors. The exciting product range for 2023 and the very good feedback from retail partners as well as consumers make us confident for the mid- and long-term success and continued growth of PUMA. Market share: Again, competitors Nike, Adidas, and Reebok sequentially hold 31%, 16%, and 6% of market share. Company; Corporate News; Press Center; #REFORM; Investors; Sustainability . March 10, 2022. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. If you are an admin, please authenticate by logging in again. PUMA has continued to focus on six strategic priorities to guide it on its way to become the fastest sports brand in the world. The top three geographies of Puma for web-and-application-servers Also, this mentions that Puma has the way to go. In terms of organization, Arne Freundt was appointed as CEO and Chairman of the Management Board of PUMA SE in November. Puma uses a mix of demographic, geographic and psychographic segmentation strategies to understand the changing needs of the customers in the competitive market. In 1924, Rudolf and his brother Adolf "Adi" Dassler had jointly formed the company Gebrder Dassler Schuhfabrik. In a report released today, Piral Dadhania from RBC Capital maintained a Buy rating on PUMA SE NPV (PMMAF - Research Report), with a price target of EUR65.00. Close deals faster by understanding your clients well. Fiscal Q3 2022 ended 9/30/22. Get full access to all features within our Business Solutions. 1.Puma has tough competition and limited market share compared to Nike and Adidas. The exciting product range for 2023 and the very good feedback from retail partners as well as consumers make us confident for the mid- and long-term success and continued growth of PUMA. Top industries that use Puma for Puma vs Apache This suggests a possible upside of 39.3% from the stock's current price. Under Armour, $3,500. Under Armour's sports apparel sales, which account for 14 percent of the U.S. market, expanded to more than twice that of Adidas apparel sales. Arcadia Biosciences announced $6 million private placement of 666,334 shares priced at a premium price of $9 per share to market . Puma has market share of The Company produced the first screw boots for football and Mexico 68 with the innovative brush soles, which were the most comfortable running shoes. Each of these creates a niche group for targeting. Puma is the third largest sportswear manufacturer in the world. with Throughout the year, we added several new track and field ambassadors to our roster such as Mutaz Essa Barshim, Elaine Thompson-Herah, Abby Steiner and Emmanuel Korir. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Show sources information In addition, higher sourcing prices due to raw materials and freight rates as wellas an unfavorable distribution channel mix had a negative impact, while price adjustments partially compensated for the negative effects. Profit from the additional features of your individual account. puma.com Audience Demographics. Puma expects Greater China to return to growth in 2023, newly appointed Chief Executive Arne Freundt said at a news conference, adding its market share in the country was "significantly too low", especially compared with rivals Adidas and Nike. data than referenced in the text. In the . View the latest Puma SE (PUM) stock price, news, historical charts, analyst ratings and financial information from WSJ. BERLIN--German sporting goods company Puma SE (PUM.XE) on Thursday predicted earnings would rise this year despite a slightly widening loss in the fourth quarter. The sports and activewear market segment is projected to increase to $13 billion by FY24 at an annual growth rate of about . PUMA's retail sales increased by 6.4% currency-adjusted to 1,424.5 million in the financial year 2020. In line with previous years, PUMA will continue to focus on managing short-term challenges without compromising the mid- and long-term momentum of the brand. The number of companies that have stopped using Puma in the past month. - Nike's target market is Peacocks. Sales in Footwear were up 53.3% (ca), driven by continued strong demand for our Performance categories like Running & Training, Teamsports and Basketball, as well as for Sportstyle. Market share of the U.S. sports apparel and footwear market as . PUMA will now explore whether they can be biodegraded in a controlled industrial setting. In April, Hlose Temple-Boyer became the new Chair of PUMAs Supervisory Board. In a report released today, Piral Dadhania from RBC Capital maintained a Buy rating on PUMA SE NPV (PMMAF - Research Report), with a price target of EUR65.00. Learn more about how Statista can support your business. It helps the company to meet its objectives of marketing successfully and make the name of its brand. Accessed March 04, 2023. https://www.statista.com/statistics/269599/net-sales-of-adidas-and-puma-worldwide/, Statista. you agree to our privacy policy. Wayfair, PUMA and Drift have wildly different customer bases. of Puma and 40,000 other technologies on the internet.You Puma is well known for its sports shoe design, development, and sale, with the apparel section also fetching a fortune with its growth in sales proportion. In comparison, adidas, one of Nike's largest competitors, held less than five percent of this market. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. (February 22, 2022). Lexi Thompson won the title at the Aramco Team Series in New York. Puma vs Nginx I'm honored to have the chance to lead this fantastic company and take PUMA together with my great team to new heights.. PUMA Basketball athlete LaMelo Ball became the fourth-youngest player to compete in the NBA All Star Game, while Marcus Smart was named NBA Defensive Player of the Year and Jackie Young the most improved player of the year in the WNBA. The most important key figures provide you with a compact summary of the topic of "Puma" and take you straight to the corresponding statistics. The important thing is that they've found out what works for their audience. PUMA shares started into 2020 at a price of 68.35. . According to Fortune Business Insights, the globalsportswear market sizeis expected to gain momentum by reaching USD 267.61 billion by 2028 from USD 170.94 billion in 2021 while exhibiting a CAGR . $45.00. 44% of the activewear buyers prefer shopping in-store. Despite its superior stock performance, Under Armour currently has the lowest price-to-earnings (P/E) ratio . companies), 10 - 19 employees (8 Due to varying update cycles, statistics can display more up-to-date Sporting goods earned the UK 554 million in sales in 2020. Available: https://www.statista.com/statistics/254019/share-of-pumas-consolidated-sales-worldwide-by-segment/, Share of Puma's net sales worldwide in 2021, by segment, Size of the global activewear market 2021 to 2028, Global sports footwear market revenue 2012-2025, Market cap of the top active footwear companies globally 2021, Sportswear & sporting goods companies by worldwide revenue 2021, Puma Group's market capitalization worldwide 1993-2021, Consolidated sales of Puma worldwide from 1993 to 2021, Global net sales growth of Puma 2000-2021, Net earnings of the Puma Group worldwide from 1993 to 2021, Puma Group's gross profit worldwide from 1993 to 2021, Operating income of the Puma Group worldwide from 1993 to 2021, Puma's marketing/retail expenses worldwide 2013-2021, Global R&D expenditure of Puma from 2013 to 2021, Share of Puma's sales worldwide in 2021, by region, Consolidated sales of the Puma Group worldwide from 2012 to 2021, by region, Share of Puma's consolidated sales worldwide in 2021, by product category, Puma's footwear sales worldwide from 1993 to 2021, Apparel sales of Puma worldwide from 1993 to 2021, Accessories segment sales of Puma worldwide from 1993 to 2021, Apparel segment revenue of Nike, Adidas & Puma 2016-2021, Global revenue of Nike from 2016 to 2021, by product category, The adidas Group's net sales worldwide from 2000 to 2021, Adidas Group's global net sales from 2002 to 2021, by product category, Apparel, accessories, & footwear M&A deals in the United States from 2012 to 2019, Global sales growth forecast of top casual clothing companies 2022/23, Domestic apparel market size in units in Russia 2017-2021, Willingness to pay more for eco-friendly apparel or footwear U.S. consumers 2018, Clothing and footwear: weekly UK household expenditure 2021, by gross income, Top athletic footwear brands amongst upper-income U.S. teens 2018, Fashion Market: Structure by price segment Russia 2014-2016, Sports apparel and footwear market growth worldwide from 2008 to 2016, Footwear share of household spending in the United Kingdom (UK) 2021, by income group, Industry revenue of wholesale of clothing and footwear in Belgium 2012-2025, Industry revenue of wholesale of clothing and footwear in the Netherlands 2012-2025, Industry revenue of wholesale of clothing and footwear in Slovenia 2012-2025, Industry revenue of wholesale of clothing and footwear in Luxembourg 2012-2025, Colombia: textile footwear exports by country 2018, Style/fashion/fit influence sports footwear purchase decisions U.S. 2014, Find your information in our database containing over 20,000 reports, global sales of footwear, apparel, and accessories. He said online and offline channels grew equally. We reintroduced an important sneaker style from our archives, the SLIPSTREAM, which was presented by PUMA ambassadors such as Neymar Jr, Danna Paola and Romeo Beckham in a global campaign. Puma customers belong to the upper-middle class, a group that cares about leading a healthy and hygienic lifestyle. In addition, the PUMA Group had credit lines totaling 1,271.0 million as of December 31, 2022 (December 31, 2021: 1,322.0 million). The market capitalization, commonly called market cap, is the total market value of a publicly traded company's outstanding shares and is commonly used to measure how much a . Arne has more than ten years of experience at PUMA and most recently worked as Chief Commercial Officer and as a Member of the Management Board. It may not have penetrated the global market the way Puma, Adidas, Nike, and others have done, but within the few markets where it has entered, Under Armor has caused ripples. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. And JJJJound, mood board-turned-designer extraordinaire . Share of Puma's net sales worldwide in 2021, by segment [Graph]. Puma said it has increasingly been reducing its dependence on imports and invested in local manufacturing, which helped the brand increase its local sourcing to 40% last year as compared with 31% two years ago. Learn more about how Statista can support your business. Chart. Puma for In 2022, our PUMA team Morocco sensationally reached the semifinals of the FIFA World Cup in Qatar, becoming the first African team to do so in the history of the tournament. Puma. The market shares of these competitors along with the market share of Puma are as follows: Page 6 7 Market share of all sports apparel brands: (Company) (Market share) Nike 43.2% Adidas 18.03% Reebok 10.9% New balance 9.4% Kappa 1.0% Umbro 1.0% Others 16.47% Competitive analysis in terms of SWOT analysis: Almost all the sports apparel brands . The average number of shares traded each day over the past 30 days, The ratio of current share price to trailing twelve month EPS that signals if the price is high or low compared to other stocks, The ratio of annual dividend to current share price that estimates the dividend return of a stock, A score provided by CDP (formerly the Carbon Disclosure Project) that rates a company on its climate transparency and performance, PUMA Celebrates its 75th Anniversary and Rich History in Motorsport. German sportswear giant Puma ( OTCPK:PUMSY) reported record annual sales for 2022 on Wednesday, but noted that continued inflationary impacts will hamper margins in the year ahead. The increased passion for sports and outdoor recreational activities among the country's young population is predicted to fuel the demand for athleisure gear over the forecast . Puma's headquarter is in Herzogenaurach, Germany. For the fourth . We will respond in accordance with the CCPA. Are you interested in testing our business solutions? On the liabilities side, trade payables increased by 47.5% to 1,734.9 million (December 31, 2021: 1,176.5 million). Something went wrong while loading Watchlist. However, sales surged 19% driven by strong growt PARIS--Luxury and sportswear group Kering SA said a sharp increase in profit last year at its smaller luxury brands offset the poorer performance of its main Gucci and Puma labels, which continued to struggle. The company was founded in 1948 by Rudolf Dassler (1898-1974). It includes footwear, apparel, and accessories. View real-time stock prices and stock quotes for a full financial overview. The show was curated by PUMA Creative Director June Ambrose, with special appearances by PUMA ambassadors such as Winnie Harlow, Kyle Kuzma, Davido and Usain Bolt. Market capitalization of PUMA (PUM.DE) Market cap: $9.60 Billion As of February 2023 PUMA has a market cap of $9.60 Billion.This makes PUMA the world's 1516th most valuable company by market cap according to our data. Do Not Sell or Share My Information - California Residents Only; Check Gift Card Balance; About. In Golf, Cobra PUMA Golf athlete Ewen Ferguson won the Commercial Bank Qatar Masters and the ISPS Handa World Invitational, while Olivia Cowan claimed her maiden Ladies 9 European Tour Victory in India at the Hero Womens Open. 5. Nike is the largest athletic footwear and apparel brand in the world. I will leave my daughter my house, but she doesnt want to take over my $250,000 mortgage. Privacy Notice | Sales in Apparel and Accessories declined by 1.6% and 5.0% (ca) respectively, mainly because of softer demand in North America and Greater China. Neymar Jr. scored his 77th goal for Brazil, equaling the record of football icon and PUMA player Pel. $35.00. In Puma's case, it's harder because it can't invest for marketing purposes as much. Following the split, Rudolf originally registered the newly established company as Ruda, but later changed the name to Puma. You read that right Team Trefoil has tamed the Big Cat! 1.14 %. Wage Dispute: related to the salary's issues between the employees that few times take it to the production have to suffer. Profit from the additional features of your individual account. Given the timing of these unfavorable factors, we expect the gross profit margin to be under more pressure in the first half of the year than in the second half. web-and-application-servers category That means, general share information, key data and a list of analysts engaged in PUMA coverage. After 70 years at loggerheads, the companies founded by Adolph and Rudi Dassler in their mothers laundry have decided to join forces and invade the American footwear market as a united front. companies). Puma SE, branded as PUMA, is a German multinational corporation that designs and manufactures athletic and casual footwear, apparel and accessories, which is headquartered in Herzogenaurach, Bavaria, Germany. PUMA has continued its brand mission to become the fastest sports brand in the world. PUMAs culture encourages creative thinking, innovative problem-solving and teamwork as we work to challenge the status quo. Puma is known for its deep, multi-social network engagement strategy. Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on Mercedes-Benz Group (MBGAF Research Report) and PUMA SE NPV (PMMAF Research Report). With more than 70 per cent of its physical stores closed during the height of the pandemic, revenue for the first half of 2020 . Price. web-and-application-servers In, Puma. (4), Cloud Computing [5] [6] [7] Although it targets customers in the age group of 13-40 years but majority of its customers are of 15-30 years of age who hail from upper middle class or the luxury class of customers. "Share of Puma's Net Sales Worldwide in 2021, by Segment. 7 From the beginning of the war, we focused on our employees, athletes and partners in Ukraine. Puma and its feature with top competitors here : "The mandate is that India is a super important market for us and we will support the entire ecosystem," Ganguly said. This needs to be solved and addressed accordingly. Global Footwear Market Size, Trends & Forecasts Report 2022-2026 Featuring Nike Inc, Adidas AG, Puma SE, & Skechers USA - ResearchAndMarkets.com January 14, 2022 06:41 AM Eastern Standard Time The German sporting goods firm, a division of Keri FRANKFURT--A German court on Tuesday dismissed Adidas AG's attempt to stop rival Puma SE from using a shoe-sole technology similar to the one used in Adidas's popular "boost" series. (4), Ruby On Rails The PUMA share has been registered for the regulated market on German stock exchanges since 1986. We delivered the strong growth based on our continued brand momentum, successful product launches and the best possible service for our athletes, retail partners and consumers. Please create an employee account to be able to mark statistics as favorites. A valuation method that multiplies the price of a company's stock by the total number of outstanding shares. can also compare Market Share: almost 7% share of market is held by Puma whereas the competitors such as Nike has got 32%, Reebok got 6% and Puma has 16%. fall in the company size of 2 brokerages have issued 12-month price objectives for Puma's shares. Here are the top 10 competitors of Puma.. Market analysis in the Marketing strategy of Puma-The presence of counterfeit products & high bargaining power of customers/suppliers, rising labour cost, migration of population and changing lifestyle, it is becoming difficult for the players in this industry to sustain in the market.. Historical and current end-of-day data provided by FACTSET. Market Share: Puma holds around 7% of the market share while its competitors like Nike has 31%, Adidas has 16% and Reebok has 6%. Having a single centralized web siteis more convenient for Puma in gathering data, permitting greater customization of theirproducts. The top three of Pumas competitors in the Slintel uses advanced data mining and AI algorithms to track customers and competitors of Puma and 40,000 other technologies on the internet.You can also compare Puma and its feature . The big loser is Adidas, down 16.5% during that period. 2.High brand switching means difficult to have loyal customer base. (3). The Asia/Pacific region recorded a sales growth of 1.6% (ca).
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