PUMA GROUP DEVELOPMENT

Sales

Consolidated sales

6,805.4

5,234.4

5,502.2

4,648.3

4,135.9

3,626.7

3,387.4

2,972.0

2,985.3

3,270.7

– Change in %

30.0%

-4.9%

18.4%

12.4%

14.0%

7.1%

14.0%

-0.4%

-8.7%

8.7%

– Footwear

3,163.6

2,367.6

2,552.5

2,184.7

1,974.5

1,627.0

1,506.1

1,282.7

1,372.1

1,595.2

– Apparel

2,517.3

1,974.1

2,068.7

1,687.5

1,441.4

1,333.2

1,244.8

1,103.1

1,063.8

1,151.9

– Accessories

1,124.5

892.7

881.1

776.1

719.9

666.5

636.4

586.3

549.4

523.6

Result of operations

Gross profit

3,257.8

2,458.0

2,686.4

2,249.4

1,954.3

1,656.4

1,540.2

1,385.4

1,387.5

1,579.0

– Gross profit margin

47.9%

47.0%

48.8%

48.4%

47.3%

45.7%

45.5%

46.6%

46.5%

48.3%

Royalty and commission income

23.9

16.1

25.1

16.3

15.8

15.7

16.5

19.4

20.8

19.2

EBIT¹⁾

557.1

209.2

440.2

337.4

244.6

127.6

96.3

128.0

191.4

290.7

– EBIT margin

8.2%

4.0%

8.0%

7.3%

5.9%

3.5%

2.8%

4.3%

6.4%

8.9%

EBT

505.3

162.3

417.6

313.4

231.2

118.9

85.0

121.8

53.7

112.3

– EBT margin

7.4%

3.1%

7.6%

6.7%

5.6%

3.3%

2.5%

4.1%

1.8%

3.4%

Net earnings

309.6

78.9

262.4

187.4

135.8

62.4

37.1

64.1

5.3

70.2

– Net margin

4.5%

1.5%

4.8%

4.0%

3.3%

1.7%

1.1%

2.2%

0.2%

2.1%

Expenses

Marketing/retail

1,309.1

1,050.2

1,112.1

931.2

822.9

732.3

697.6

599.7

544.1

609.3

Personnel

712.4

583.7

640.5

553.8

549.1

493.1

483.8

425.3

415.7

438.8

Balance sheet

Total assets

5,728.3

4,684.1

4,378.2

3,207.2

2,853.8

2,765.1

2,620.3

2,549.9

2,308.5

2,530.3

Shareholders' equity

2,278.5

1,763.9

1,902.3

1,722.2

1,656.7

1,722.2

1,619.3

1,618.3

1,497.3

1,597.4

– Equity ratio

39.8%

37.7%

43.4%

53.7%

58.1%

62.3%

61.8%

63.5%

64.9%

63.1%

Working capital

727.9

465.8

549.4

503.9

493.9

536.6

532.9

455.7

528.4

623.7

– thereof: inventories

1,492.2

1,138.0

1,110.2

915.1

778.5

718.9

657.0

571.5

521.3

552.5

Cash flow

Free cash flow

276.2

276.0

330.0

172.9

128.5

49.7

-98.9

39.3

29.2

-8.2

Investments (incl. acquisitions)

202.4

151.0

218.4

130.2

122.9

91.1

79.5

96.4

76.3

172.9

Profitability

Return on equity (ROE)

13.6%

4.5%

13.8%

10.9%

8.2%

3.6%

2.3%

4.0%

0.4%

4.4%

Return on capital employed (ROCE)

31.9%

15.1%

29.6%

25.8%

20.7%

10.3%

7.9%

11.5%

5.6%

8.6%

Additional information

Number of employees (year-end)

16,125

14,374

14,332

12,894

11,787

11,495

11,351

11,267

10,982

11,290

Number of employees (annual average)

14,846

13,016

13,348

12,192

11,389

11,128

10,988

10,830

10,750

10,935

PUMA share*

Share price (in €)

107.50

92.28

68.35

42.70

36.30

24.97

19.87

17.26

23.50

22.49

Earnings per share (in €)

2.07

0.53

1.76

1.25

0.91

0.42

0.25

0.43

0.04

0.47

Average outstanding shares (in million)

149.59

149.56

149.52

149.47

149.43

149.40

149.40

149.40

149.40

149.67

Number of shares outstanding as of Dec, 31
(in million)

149.61

149.58

149.55

149.51

149.46

149.40

149.40

149.40

149.40

149.39

Market capitalization

16,083

13,804

10,222

6,384

5,426

3,730

2,968

2,578

3,511

3,359