Segment reporting is based on geographical areas of responsibility in accordance with the PUMA internal reporting structure, with the exception of stichd. The geographical area of responsibility corresponds to the business segment. Sales, the operating result (EBIT) and other segment information are allocated to the corresponding geographical areas of responsibility according to the registered office of the respective Group company.
The internal management reporting includes the following reporting segments: Europe, EEMEA (Eastern Europe, Middle East, Africa, India and Southeast Asia), North America, Latin America, Greater China, Rest of Asia/Pacific (excluding Greater China and Southeast Asia) and stichd. These are reported as reportable business segments in accordance with the criteria of IFRS 8.
The reconciliation includes information on assets, liabilities, expenses and income in connection with centralized functions that do not meet the definition of business segments in IFRS 8. Central expenses and income include in particular central sourcing, central treasury, central marketing, impairment losses on non-current assets and other global functions of the Company headquarters.
The Company’s main decision-maker is defined as the entire Management Board of PUMA SE.
The external sales presented in the segment reporting includes sales from both the wholesale business and own retail activities (direct-to-consumer business). The percentage breakdown of sales by wholesale business and direct-to-consumer business at the segment level mainly aligns with the breakdown at the Group level (see chapter 19). Exceptions to this are the Greater China segment, where wholesale sales represent approximately 50%, and the stichd segment, which almost exclusively generates wholesale sales.
The business relationships between the companies in the segments are essentially based on prices that are also agreed with third parties. With the exception of sales of goods by stichd amounting to € 38.3 million (previous year: € 39.2 million), there are no significant internal sales, which is why they are not included in the presentation.
The operating result (EBIT) of the business segments is defined as gross profit less the attributable other operating expenses plus royalty and commission income and other operating income, but not considering the costs of the central departments and the central marketing expenses.
The external sales, operating result (EBIT), inventories and trade receivables of the business segments are regularly reported to the main decision-maker. Amounts recognized by the Group from the intra-group profit elimination on inventories in connection with intra-group sales are not allocated to the business segments in the way that they are reported to the main decision-maker. Investments, depreciation and non-current assets at the level of the business segments are not reported to the main decision-maker. Intangible assets are allocated to the business segments in the manner described in chapter 11. Liabilities, the financial result and income taxes are not allocated to the business segments and are therefore not reported to the main decision-maker at the business segment level.
Non-current assets and depreciation comprise the carrying amounts and depreciation of property, plant and equipment, right-of-use assets and intangible assets during the past financial year. The investments comprise additions to property, plant and equipment and intangible assets.
Since PUMA is active in only one business area, the sporting goods industry, products are additionally allocated according to the Footwear, Apparel and Accessories product segments in accordance with the internal reporting structure.
| External Sales | EBIT | Investments | ||||
|---|---|---|---|---|---|---|
| 1-12/2022 | 1-12/2021 | 1-12/2022 | 1-12/2021 | 1-12/2022 | 1-12/2021 | |
| Europe | 1,922.5 | 1,523.6 | 242.0 | 146.1 | 33.6 | 58.5 |
| EEMEA | 1,333.3 | 975.1 | 308.5 | 214.6 | 30.2 | 34.8 |
| North America | 2,531.4 | 1,969.2 | 398.9 | 394.8 | 67.6 | 20.1 |
| Latin America | 1,098.3 | 630.9 | 285.2 | 151.6 | 34.6 | 14.1 |
| Greater China | 521.3 | 766.9 | 20.2 | 137.8 | 20.3 | 15.9 |
| Asia/Pacific (excluding Greater China) |
588.5 | 533.4 | 73.4 | 61.2 | 7.2 | 7.3 |
| stichd | 469.8 | 406.2 | 113.2 | 101.7 | 21.2 | 20.9 |
| Total business segments | 8,465.1 | 6,805.4 | 1,441.2 | 1,207.7 | 214.7 | 171.6 |
| Depreciation and amortization | Inventories | Trade Receivables (third parties) |
||||
|---|---|---|---|---|---|---|
| 1-12/2022 | 1-12/2021 | 1-12/2022 | 1-12/2021 | 1-12/2022 | 1-12/2021 | |
| Europe | 58.5 | 54.4 | 602.5 | 364.6 | 190.3 | 164.3 |
| EEMEA | 55.8 | 43.7 | 378.5 | 221.0 | 189.4 | 126.2 |
| North America | 71.2 | 56.0 | 739.3 | 469.9 | 259.2 | 187.1 |
| Latin America | 23.1 | 14.8 | 253.1 | 140.3 | 200.7 | 120.4 |
| Greater China | 39.7 | 39.4 | 179.1 | 200.5 | 44.5 | 65.9 |
| Asia/Pacific (excluding Greater China) |
31.6 | 32.2 | 114.7 | 84.5 | 111.4 | 119.5 |
| stichd | 8.3 | 7.8 | 93.9 | 79.1 | 66.1 | 61.7 |
| Total business segments | 288.2 | 248.4 | 2,361.1 | 1,559.8 | 1,061.6 | 845.1 |
| Non-current assets | ||
|---|---|---|
| 1-12/2022 | 1-12/2021 | |
| Europe | 477.1 | 474.6 |
| EEMEA | 198.1 | 164.8 |
| North America | 750.4 | 534.4 |
| Latin America | 128.2 | 75.0 |
| Greater China | 86.2 | 79.1 |
| Asia/Pacific (excluding Greater China) | 149.4 | 158.3 |
| stichd | 209.6 | 194.1 |
| Total business segments | 1,999.1 | 1,680.4 |
| External Sales | Gross Profit Margin | |||
|---|---|---|---|---|
| 1-12/2022 | 1-12/2021 | 1-12/2022 | 1-12/2021 | |
| Footwear | 4,317.9 | 3,163.6 | 44.9% | 47.3% |
| Apparel | 2,896.3 | 2,517.3 | 47.3% | 48.9% |
| Accessories | 1,251.0 | 1,124.5 | 47.4% | 47.1% |
| Total | 8,465.1 | 6,805.4 | 46.1% | 47.9% |
| EBIT | ||
|---|---|---|
| 1-12/2022 | 1-12/2021 | |
| Total business segments | 1,441.2 | 1,207.7 |
| Central areas | -364.4 | -280.4 |
| Central expenses Marketing | -436.2 | -370.2 |
| Consolidation | 0.0 | 0.0 |
| EBIT | 640.6 | 557.1 |
| Financial result | -88.9 | -51.8 |
| EBT | 551.7 | 505.3 |
| Investments | Depreciation and amortization | |||
|---|---|---|---|---|
| 1-12/2022 | 1-12/2021 | 1-12/2022 | 1-12/2021 | |
| Total business segments | 214.7 | 171.6 | 288.2 | 248.4 |
| Central areas | 49.3 | 35.9 | 44.6 | 39.0 |
| Consolidation | 0.0 | 0.0 | 0.0 | 0.0 |
| Total | 263.9 | 207.5 | 332.8 | 287.3 |
| Inventories | Trade Receivables (third parties) |
Non-current assets | ||||
|---|---|---|---|---|---|---|
| 1-12/2022 | 1-12/2021 | 1-12/2022 | 1-12/2021 | 1-12/2022 | 1-12/2021 | |
| Total business segments | 2,361.1 | 1,559.8 | 1,061.6 | 845.1 | 1,999.1 | 1,680.4 |
| Not allocated to the business segments | -116.0 | -67.6 | 3.3 | 2.9 | 211.0 | 204.4 |
| Total | 2,245.1 | 1,492.2 | 1,064.9 | 848.0 | 2,210.1 | 1,884.8 |
Sales revenue (with third parties) is reported in the geographical market in which it is arises. Non-current assets are allocated to the geographical market based on the registered office of the relevant subsidiary, regardless of the segment structure.
| External Sales | Non-current assets | |||
|---|---|---|---|---|
| 1-12/2022 | 1-12/2021 | 1-12/2022 | 1-12/2021 | |
| Germany, Europe | 586.3 | 475.6 | 488.3 | 482.7 |
| USA, North America | 2,334.2 | 1,785.1 | 604.7 | 424.4 |
The cash flow statement was prepared in accordance with IAS 7 and is structured based on cash flows from operating, investing and financing activities. The indirect method is used to determine the cash outflow/inflow from operating activities. The gross cash flow, derived from earnings before income tax and adjusted for non-cash income and expense items, is determined within the cash flow from operating activities. Cash outflow/inflow from operating activities less investments in property, plant and equipment as well as intangible assets is referred to as free cash flow.
The cash and cash equivalents reported in the cash flow statement include all cash and cash equivalents shown in the balance sheet under the item “Cash and cash equivalents,” i.e. cash on hand, checks and current bank balances including short-term financial investments.
The following table shows the cash and non-cash changes in financial liabilities in accordance with IAS 7.44A:
| Non-cash changes |
||||||
|---|---|---|---|---|---|---|
| Notes | Balance 01/01/2022 |
Currency changes |
Other | Cash changes |
Balance 12/31/2022 |
|
| Financial liabilities | ||||||
| Lease liabilities | 10 | 1,023.4 | 12.1 | 385.0 | -190.0 | 1,230.4 |
| Current financial liabilities | 13 | 68.5 | -1.1 | 0.0 | 8.4 | 75.9 |
| Non-current financial liabilities | 13 | 311.5 | 0.0 | 0.0 | -60.0 | 251.5 |
| Total | 1,403.4 | 11.1 | 385.0 | -241.6 | 1,557.8 | |
| Non-cash changes |
||||||
|---|---|---|---|---|---|---|
| Notes | Balance 01/01/2021 |
Currency changes |
Other | Cash changes |
Balance 12/31/2021 |
|
| Financial liabilities | ||||||
| Lease liabilities | 10 | 931.7 | 38.9 | 213.7 | -160.9 | 1,023.4 |
| Current financial liabilities | 13 | 121.4 | 0.5 | 0.0 | -53.4 | 68.5 |
| Non-current financial liabilities | 13 | 145.0 | 0.0 | 0.0 | 166.5 | 311.5 |
| Total | 1,198.1 | 39.4 | 213.7 | -47.8 | 1,403.4 | |
The lease liabilities of € 1,230.4 million (previous year: € 1,023.4 million) are broken down into current lease liabilities of € 200.2 million (previous year: € 172.3 million) and non-current lease liabilities of € 1,030.3 million (previous year: € 851.0 million).
The non-current financial liabilities of € 251.5 million (previous year: € 311.5 million) are part of the other non-current financial liabilities.
The Company has other financial obligations associated with license, promotional and advertising agreements, which give rise to the following financial obligations as of the balance sheet date:
| 2022 | 2021 | |
|---|---|---|
| From license, promotional and advertising agreements: | ||
| 2023 (2022) | 348.6 | 301.3 |
| 2024–2027 (2023–2026) | 781.1 | 650.4 |
| from 2028 (from 2027) | 130.8 | 205.4 |
| Total | 1,260.5 | 1,157.1 |
As is customary in the industry, the promotional and advertising agreements provide for additional payments on reaching pre-defined goals (e.g., medals, championships). These are contractually agreed, but by their nature cannot be predicted exactly in terms of their timing and amount.
In addition, there are other financial obligations totaling € 186.8 million, of which, € 128.7 million relate to the years from 2024. These include service agreements of € 180.6 million as well as other obligations of € 6.2 million.
Individual PUMA companies are involved in legal disputes arising from normal business activities, e.g. relating to intellectual property rights and copyrights. If an outflow of resources from these legal disputes is classified as probable and the amount of the obligation can be reliably estimated, the risks arising from these legal disputes are included in the other provisions. However, if the probability of occurrence is classified as low, these legal disputes are recognized as contingent liabilities. As of December 31, 2022, there were contingent liabilities of € 3.1 million. PUMA management believes the impact of this on the net assets, financial position and results of operations of the Company is immaterial.
Disclosures pursuant to Section 314(1) 6 HGB (German Commercial Code [Handelsgesetzbuch]) in conjunction with Section 315e HGB.
The total compensation of the members of the Management Board in the financial year 2022 was € 11.9 million (previous year: € 11.2 million).*
The total remuneration of the Management Board includes the share-based remuneration granted for the financial year with a fair value of € 3.0 million (previous year: € 3.8 million) and 30,968 (previous year: 47,339) virtual shares issued under the PUMA Monetary Unit Plan as well as a fair value of € 1.7 million (previous year: € 0.6 million) and 16,457 (previous year: 7,070) performance shares issued.
The total remuneration of former members of the Management Board and their surviving dependents amounted to € 0.7 million in the financial year 2022 (previous year: € 1.2 million).
In addition, there were defined benefit pension obligations to former members of the Management Board and their widows/widowers amounting to € 2.5 million (previous year: € 3.1 million) as well as defined contribution plans from deferred compensation of former members of the Management Board and Managing Directors amounting to € 17.3 million (previous year: € 17.2 million). Both items were recognized as pension obligation within pension provisions to the extent they were not offset against plan assets of an equal amount.
The compensation paid to the Supervisory Board comprised fixed compensation and additional compensation for committee activities, and amounted to a total of € 0.2 million (previous year: € 0.2 million).
The summarized financial information about subsidiaries of the Group in which non-controlling interests exist is presented below. This financial information relates to all companies with non-controlling interests in which the identical non-controlling shareholder holds an interest. The figures represent the amounts before intercompany eliminations.
Evaluation of the control of companies with non-controlling interests:
The Group holds a 51% capital share in PUMA United North America LLC, PUMA United Canada ULC and Janed Canada LLC (inactive company). With these companies, there are profit-sharing arrangements in place which differ from the capital share for the benefit of the respective identical non-controlling shareholder. PUMA receives higher license fees in exchange.
In the financial year 2022, the company PUMA United Aviation North America LLC was founded and assets were transferred to it. 30% of the shares were later sold. Accordingly, PUMA has a 70% share in the company's capital and its earnings.
The contractual agreements with these companies respectively provide PUMA with a majority of the voting rights at the shareholder meetings, and thus the right of disposal regarding these companies. PUMA is exposed to fluctuating returns from the sales-based license fees and from variable earnings. The Group also controls the key activities of these companies. The companies are accordingly included in the consolidated financial statements as subsidiaries with full consolidation with recognition of non-controlling interests.
The comparative information has been adjusted in order to correct an error. The incorrect previous year's figure of € 10.5 million has been adjusted to € 11.2 million.
The non-controlling interests existing on the balance sheet date relate to PUMA United North America LLC, PUMA United Canada ULC and Janed Canada, LLC (inactive) and PUMA United Aviation North America LLC at € 67.1 million (previous year: € 65.2 million).
The following tables show a summary of the financial information for subsidiaries with non-controlling interests:
| 2022 | 2021 | |
|---|---|---|
| Current assets | 105.8 | 105.1 |
| Non-current assets | 10.3 | 3.8 |
| Current liabilities | 40.4 | 39.5 |
| Non-current liabilities | 0.0 | 0.0 |
| Net assets | 75.7 | 69.5 |
| Net assets attributable to non-controlling interests | 67.1 | 65.2 |
| 2022 | 2021 | |
|---|---|---|
| Sales | 452.2 | 422.9 |
| Net income | 72.0 | 67.9 |
| Profit attributable to non-controlling interests | 70.9 | 67.2 |
| Other comprehensive income of non-controlling interests | 4.1 | 4.3 |
| Total comprehensive income of non-controlling interests | 75.0 | 71.5 |
| Dividends paid to non-controlling interests | 73.3 | 47.8 |
| 2022 | 2021 | |
|---|---|---|
| Net cash from operating activities | 79.4 | 52.8 |
| Net cash used in investing activities | 0.0 | 0.0 |
| Net cash used in financing activities | -80.1 | -52.4 |
| Changes in cash and cash equivalents | -0.4 | 0.4 |
In accordance with IAS 24, relationships to related companies and persons that control or are controlled by the PUMA Group must be reported. All natural persons and companies that can be controlled by PUMA, that can exercise relevant control over the PUMA Group or that are under the relevant control of another related party of the PUMA Group are considered to be related companies or persons within the meaning of IAS 24.
As of December 31, 2022, there was one shareholding in PUMA SE that exceeded 20% of the voting rights. This is held by the Pinault family via several companies that the family controls (in order of proximity to the Pinault family: Financière Pinault S.C.A., Artémis S.A.S. and Kering S.A.). The shareholding of Kering S.A. in PUMA SE amounts to 3.96% of share capital according to Kering's 2022 half-year financial report of July 27, 2022. The shareholding of Artémis S.A.S. and Kering S.A. together amounts to 32.48% of the share capital of PUMA SE. Since Artémis S.A.S. and Kering S.A. hold more than 20% of the voting rights in PUMA SE, they are presumed to have significant influence according to IAS 28.5 and IAS 28.6. They and all other companies directly or indirectly controlled by Financière Pinault S.C.A. that are not included in the consolidated financial statements of PUMA SE are considered as related parties in the following.
In addition, the disclosure obligation pursuant to IAS 24 extends to transactions with associated companies as well as transactions with other related companies and persons.
Transactions with related companies and persons largely concern the sale of goods and services.
The following overview illustrates the scope of the business relationships:
| Deliveries and services rendered |
Deliveries and services received |
|||
|---|---|---|---|---|
| 2022 | 2021 | 2022 | 2021 | |
| Companies included in the Artémis Group | 1.7 | 1.8 | 0.1 | 0.1 |
| Other related companies and persons | 0.0 | 0.0 | 0.0 | 0.0 |
| Total | 1.7 | 1.8 | 0.1 | 0.1 |
| Net receivables from | Liabilities to | |||
|---|---|---|---|---|
| 2022 | 2021 | 2022 | 2021 | |
| Companies included in the Artémis Group | 0.3 | 0.4 | 0 | 0 |
| Other related companies and persons | 0.0 | 0.0 | 0.0 | 0.0 |
| Total | 0.3 | 0.4 | 0.0 | 0.0 |
Receivables from related companies and persons are, with one exception, not subject to value adjustments.
Classification of the remuneration of key management personnel in accordance with IAS 24.17:
The members of key management personnel in accordance with IAS 24 are the Management Board and the Supervisory Board. These are counted as related parties.
In the financial year 2022, the remuneration of the members of the Management Board of PUMA SE for short-term benefits amounted to € 7.2 million (previous year: € 6.8 million), for termination benefits to € 0.0 million (previous year: € 0.9 million) and the share-based payment € -0.5 million (previous year: € 9.3 million). Furthermore, no remuneration was granted in the form of other long-term benefits or in the form of post-employment benefits in the reporting year (previous year: € 0.0 million). Accordingly, the total expense for the reporting year amounted to € 6.7 million (previous year: € 17.0 million).
In the financial year 2022, the remuneration of the members of the Supervisory Board of PUMA SE for short-term benefits amounted to € 0.2 million (previous year: € 0.2 million).
In November 2022, the Management Board and the Supervisory Board submitted the required compliance declaration with respect to the recommendations issued by the Government Commission German Corporate Governance Code pursuant to Section 161 of the AktG (Aktiengesetz, German Stock Corporation Act) and published it on the Company’s website (www.PUMA.com). Please also refer to the corporate governance statement in accordance with section 289f and section 315d HGB (Handelsgesetzbuch, German Commercial Code) in the Combined Management Report.
No events with any significant effect on the net assets, financial position and results of operations of the PUMA Group occurred after the balance sheet date.
The Management Board of PUMA SE released the consolidated financial statements on February 2, 2023 for distribution to the Supervisory Board. The task of the Supervisory Board is to review the consolidated financial statements and state whether it approves them.
Herzogenaurach, February 2, 2023
The Management Board
Freundt
Hinterseher
Descours
Valdes
This is a translation of the German version. In case of doubt, the German version shall apply.
| Purchase costs | Accumulated depreciation | Carrying amounts | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance 1/1/2021 |
Currency changes and other changes |
Additions/ retransfers |
Changes in group of consolidated companies |
Disposals | Balance 12/31/2021 |
Balance 1/1/2021 |
Currency changes and other changes |
Additions/ retransfers1 |
Changes in group of consolidated companies |
Disposals | Balance 12/31/2021 |
Balance 12/31/2021 |
Balance 12/31/2020 |
|
| PROPERTY, PLANT AND EQUIPMENT | ||||||||||||||
| Land, land rights and buildings including buildings on third party land |
190.3 | 5.8 | 6.3 | -33.8 | 168.6 | -58.3 | -0.3 | -6.4 | 18.0 | -47.0 | 121.6 | 131.9 | ||
| Technical equipment and machines | 21.1 | 89.5 | 35.3 | -0.8 | 145.2 | -12.8 | -1.2 | -6.1 | 0.6 | -19.5 | 125.7 | 8.4 | ||
| Other equipment, factory and office equipment |
494.9 | 36.6 | 78.5 | -35.9 | 574.1 | -340.3 | -14.7 | -70.7 | 34.6 | -391.1 | 183.0 | 154.6 | ||
| Payments on account and assets under construction | 112.0 | -108.3 | 40.5 | -2.1 | 42.1 | 42.1 | 112.0 | |||||||
| 818.3 | 23.7 | 160.6 | -72.6 | 930.0 | -411.4 | -16.2 | -83.2 | 53.3 | -457.6 | 472.4 | 406.9 | |||
| RIGHT-OF-USE ASSETS | ||||||||||||||
| Real Estate – Retail stores | 537.2 | 26.5 | 130.9 | -41.1 | 653.5 | -182.0 | -8.6 | -115.1 | 35.1 | -270.6 | 382.9 | 355.2 | ||
| Real Estate – Warehouses & offices |
566.5 | 18.6 | 100.7 | -18.8 | 667.0 | -102.2 | -4.1 | -70.3 | 15.4 | -161.2 | 505.8 | 464.3 | ||
| Others (technical equipment and machines and vehicles) |
73.4 | 4.1 | 10.3 | -18.8 | 69.1 | -15.3 | -0.5 | -9.3 | 7.9 | -17.2 | 51.9 | 58.1 | ||
| 1,177.2 | 49.2 | 241.9 | -78.7 | 1,389.5 | -299.6 | -13.2 | -194.7 | 58.5 | -449.0 | 940.5 | 877.6 | |||
| INTANGIBLE ASSETS | ||||||||||||||
| Goodwill | 288.3 | 3.2 | 291.5 | -46.8 | -46.8 | 244.7 | 241.4 | |||||||
| Intangible assets with an indefinite useful life | 133.6 | 9.7 | 143.3 | -17.7 | -17.7 | 125.6 | 115.9 | |||||||
| Other intangible assets | 240.6 | 4.0 | 46.9 | -15.0 | 276.5 | -154.6 | -0.8 | -27.8 | 8.1 | -175.1 | 101.6 | 86.1 | ||
| 662.5 | 16.9 | 46.9 | -15.0 | 711.4 | -219.1 | -0.8 | -27.8 | 8.1 | -239.6 | 471.9 | 443.4 | |||
| Purchase costs | Accumulated depreciation | Carrying amounts | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance 1/1/2022 |
Currency changes and other changes |
Additions/ retransfers |
Changes in group of consolidated companies |
Disposals | Balance 12/31/2022 |
Balance 1/1/2022 |
Currency changes and other changes |
Additions/ retransfers1 |
Changes in group of consolidated companies |
Disposals | Balance 12/31/2022 |
Balance 12/31/2022 |
Balance 12/31/2021 |
|
| PROPERTY, PLANT AND EQUIPMENT | ||||||||||||||
| Land, land rights and buildings including buildings on third party land |
168.6 | 5.9 | 0.9 | -0.2 | 175.2 | -47.0 | -1.6 | -6.0 | 0.1 | -54.5 | 120.7 | 121.6 | ||
| Technical equipment and machines | 145.2 | 19.3 | 6.8 | -0.5 | 170.8 | -19.5 | -9.2 | -9.0 | 0.4 | -37.3 | 133.5 | 125.7 | ||
| Other equipment, factory and office equipment |
574.1 | 64.4 | 112.7 | -45.0 | 706.2 | -391.1 | -16.4 | -79.3 | 43.6 | -443.2 | 263.1 | 183.0 | ||
| Payments on account and assets under construction | 42.1 | -44.0 | 79.5 | -2.4 | 75.1 | -0.1 | -0.1 | 75.0 | 42.1 | |||||
| 930.0 | 45.5 | 199.9 | -48.1 | 1,127.3 | -457.6 | -27.4 | -94.3 | 44.2 | -535.2 | 592.2 | 472.4 | |||
| RIGHT-OF-USE ASSETS | ||||||||||||||
| Real Estate – Retail stores | 653.5 | 13.3 | 187.1 | -58.9 | 795.0 | -270.6 | -5.8 | -135.5 | 47.8 | -364.1 | 430.9 | 382.9 | ||
| Real Estate – Warehouses & offices |
667.0 | 8.4 | 188.8 | -27.1 | 837.1 | -161.2 | -0.8 | -82.1 | 20.1 | -223.9 | 613.1 | 505.8 | ||
| Others (technical equipment and machines and vehicles) |
69.1 | -7.1 | 29.5 | -6.0 | 85.5 | -17.2 | 3.6 | -10.6 | 6.0 | -18.2 | 67.3 | 51.9 | ||
| 1,389.5 | 14.6 | 405.4 | -92.0 | 1,717.6 | -449.0 | -3.1 | -228.1 | 73.9 | -606.2 | 1,111.3 | 940.5 | |||
| INTANGIBLE ASSETS | ||||||||||||||
| Goodwill | 291.5 | -2.2 | 289.3 | -46.8 | 0.2 | -46.6 | 242.7 | 244.7 | ||||||
| Intangible assets with an indefinite useful life | 143.2 | 7.8 | 151.0 | -17.6 | -17.6 | 133.4 | 125.6 | |||||||
| Other intangible assets | 276.6 | 2.7 | 64.0 | -2.4 | 341.0 | -175.1 | -1.3 | -36.3 | 2.2 | -210.5 | 130.4 | 101.6 | ||
| 711.4 | 8.3 | 64.0 | -2.4 | 781.2 | -239.5 | -1.2 | -36.3 | 2.2 | -274.7 | 506.5 | 471.9 | |||
Arne Freundt
Since November 8, 2022: Chief Executive Officer (CEO)
Hubert Hinterseher
Chief Financial Officer (CFO)
Anne-Laure Descours
Chief Sourcing Officer (CSO)
Bjørn Gulden (until December 31, 2022)
Membership of other supervisory boards and controlling bodies:1)
Maria Valdes (since January 1, 2023)
Chief Product Officer (CPO)
Héloïse Temple-Boyer (since April 18, 2019)
(since May 11, 2022: Chair)
Paris, France
Deputy CEO of ARTÉMIS S.A.S., Paris/France
Membership of other supervisory boards and controlling bodies1*:
1) All mandates are mandates within the ARTÈMIS-Group, with the exception of Royalement Vôtre Editions S.A.S. Kering S.A. is a listed company.
Thore Ohlsson (since May 21, 1993)
(Deputy Chair)
Falsterbo, Sweden
President of Elimexo AB, Falsterbo/Sweden
Membership of other supervisory boards and controlling bodies:
Jean-François Palus (since June 16, 2007)
Paris, France
Group Managing Director and member of the Board of Directors of Kering S.A., Paris/France, responsible for Strategy, Operations and Organization
Membership of other supervisory boards and controlling bodies2):
2)All mandates are mandates within the Kering-Group. Kering S.A. is a listed company. All other companies within the Kering-Group are not listed.
Fiona May (since April 18, 2019)
Calenzano, Italy
Independent Management Consultant
Membership of other supervisory boards and controlling bodies:
Martin Köppel (since July 25, 2011)
(Employees’ Representative)
Weisendorf, Germany
Chair of the Works Council of PUMA SE
Bernd Illig (since July 9, 2018)
(Employees’ Representative)
Bechhofen, Germany
Senior Administrator IT Systems of PUMA SE
Personnel Committee
Audit Committee
Nominating Committee
Sustainability Committee
