Shares in Puma have been up .8 percent at 0817 GMT, outperforming a .nine percent fall in the mid-cap index . The Japan market place is also recovering more quickly than expected, the corporation claimed. "We have recovered a great deal more speedily than predicted in Japan. Earnings development is up in the major mid-one digits, even up to double digits," Koch said. That could bode very well for community rival Adidas, which studies on Aug. 4 and has forecast a fifteen-25 percent drop in sales in the sector following the Japanese earthquake and tsunami earlier this calendar year. The results come as Jochen Zeitz hands around the reins soon after 18 decades to Koch. Zeitz has taken up the function of head of sport and life-style at French luxury products group and Puma parent PPR . Koch explained he would update on any strategic changes in October or November. The group reported second-quarter sales and profits up 14.one percent at 674 million euros, in line with expectations, and net earnings up ten.6 percent at 37.six million euros. (Reporting by Victoria Bryan Modifying by Will Waterman) ($.6884 Euro) My websites: bottes puma