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1、 HALF-YEAR FINANCIAL REPORT JANUARY TO JUNE 2024 2 CONTENT Key Figures 3-4 Interim Management Report -General Economic Conditions 5 -Brand and Strategy Update 5-8 -Sales and Earnings Development 9-11 -Net Assets and Financial Position 12 -Outlook 13 Condensed Interim Consolidated Financial Statement

2、s -Balance Sheet 14 -Income Statement 15 -Statement of Comprehensive Income 16 -Cashflow Statement 17 -Statement of Changes in Equity 18 -Operating Segments 19-20 -Notes to the Interim Consolidated Financial Statements 21 27 Management Board/Supervisory Board 28 Financial Calendar 29 3 Arne Freundt,

3、CEO:“With our second quarter operating performance,we fully delivered on our outlook for the quarter and are well on track to deliver on our outlook for the full year.I could not be prouder of our team and our strong retail partnerships,which were key to delivering this result in an environment of i

4、ncreased currency headwinds,stressed supply chains and macroeconomic and geopolitical challenges that are weighing on consumer sentiment around the world.With view to our strong orderbook for the second half of the year,we reiterate our sales growth outlook in the MSD range and are narrowing our ful

5、l-year EBIT outlook range to 620 670 million EBIT in light of these external factors.With our continued focus on a good sell-through and disciplined sell-in,we were able to improve our wholesale business in all regions,except EEMEA.With our strong order book for the second half of the year,we will s

6、ee further improvement in our wholesale business in the coming quarters.The robust demand for the PUMA brand continues to be driven by our great product newness and innovation which we launched in the past months.There is more to come in the second half of the year.Key Figures1-6/20241-6/2023Devi-mi

7、llion millionationSales4,219.6 4,308.3-2.1%Gross profit margin47.2%45.7%Operating result(EBIT)276.2 290.9-5.1%Net income129.3 172.3-25.0%-in%of sales3.1%4.0%Total assets6,966.3 6,899.7 1.0%Equity ratio in%38.1%37.1%Working capital1,643.7 1,693.0-2.9%Gross cash flow388.1 491.4-21.0%Free cash flow(bef

8、ore acquisitions)-204.4-341.4 Earnings per share(in)0.86 1.15-25.0%Gross cash flow per share(in)2.59 3.28-21.0%Free cash flow per share(before acquisitions)(in)-1.36-2.28 Share price at end of the reporting period(in)42.87 55.12-22.2%Market capitalisation at end of the reporting period6,397 8,255-22

9、.5%Investments in property,plant and equipment and intangible assets 125.4 158.0-20.7%4 On the performance side,ULTRA,PUMAs fastest football boot,Deviate Nitro Elite 3,PUMAs fastest running shoe,and MB.04,PUMAs latest version of its bestseller signature shoe with LaMelo Ball will be the key newness

10、and innovations for the second half of 2024.Together with our new design partner Salehe Bembury,we will continue to stir up the basketball market with new disruptive designs in the coming year.On the Sportstyle side,we are continuing to see strong sell-through with our family footwear retail partner

11、s,while we are making good progress in the transition of our Sportstyle Prime offer with Palermo,Suede XL and Easy Rider.We are very encouraged by the first launches of Speedcat in the elevated distribution channels globally and by the great feedback of our retail partners on our product line-up.We

12、are very confident about the future success of the low-profile silhouette and are happy to welcome Ros,the iconic K-Pop star,as great new ambassador for this emerging trend.We continue to focus our efforts on increasing the brand desirability for the long-term growth of the PUMA brand.With our first

13、 global brand campaign in ten years,we have done the first steps and improved our brand consideration with consumers.Delivering great innovation and newness are further pillars of that strategy.With the Euros,Copa America and now the Olympics,we have the perfect stage to create great brand visibilit

14、y and credibility in our unmissable“fireglow”shoe colourway and showcase the superiority of our Nitro foam technology which enhances the performance of elite and everyday athletes.We are very proud of the achievements of our athletes and are grateful to celebrate these amazing sporting events and ic

15、onic moments together with them.”5 Interim Management Report GENERAL ECONOMIC CONDITIONS According to the summer forecast published by the Kiel Institute for the World Economy(ifw Kiel)on 13 June 2024,the global economy has expanded at a moderate pace so far this year.The main reason for this was th

16、at production in the emerging economies-and particularly in China-grew much more strongly than before.In the advanced economies,on the other hand,economic expansion continued at a somewhat slower pace overall.BRAND AND STRATEGY UPDATE Making Progress in Brand Elevation With many important events suc

17、h as the Olympic Games,UEFA Euro 2024 and CONMEBOL Copa America,2024 is undoubtedly a year of sports.PUMA took this as an opportunity to launch our biggest-ever brand campaign to elevate the brand,one of the cornerstones of our strategy together with increasing product excellence and improving our d

18、istribution quality.The campaign“FOREVER.FASTER.-See The Game Like We Do”conveys the brands unique connection with speed and is communicated across the entire media mix,such as Social Media,TV,PR,Out Of Home Media and Points of Sale worldwide.Following the launch in April,from which we received very

19、 positive feedback,PUMA followed up with additional chapters of the campaign fully dedicated to Euro 2024,Copa America and our best-in-class athletes at these events such as Neymar Jr.,Xavi Simons,Kai Havertz and Cody Gakpo.Great Performances by PUMA Athletes and Teams The great performance of our s

20、ponsored teams and athletes underscored our credibility as a sports brand across the world.At Euro 2024,our players and teams ensured fantastic visibility throughout the tournament,with PUMA-Teams Austria and Switzerland putting up some fantastic performances to progress to the knock-out stages.The

21、success of our club teams also contributed to our brand visibility,as Manchester City secured the Premier League title for the fourth consecutive year,while Borussia Dortmund reached the final of the Champions League,Europes most coveted competition.With French defender Theo Hernndez and US midfield

22、er Weston McKenny,PUMA signed two young players at the top of their game to become brand ambassadors.In track and field,PUMA athletes broke three world records in the first half of 2024,underscoring the great performance of our spikes.Ukrainian high jumper Yaroslava Mahuchickh showed her incredible

23、form ahead of the Olympic Games by breaking the 37-year-old high jump world record with a 2.10m jump.Pole vaulter Armand“Mondo”Duplantis once again soared to new heights,breaking his own world record for the ninth time by raising the bar to 6.25m.In March,Devynne Charlton from the Bahamas set a new

24、60m hurdles world record.Our track and field athletes also shone at the European Athletics Championships in Rome,winning seven gold,ten silver and seven bronze medals.Supported by our award-winning NITROTM technology,our road running athletes also went from strength to strength this year.For the fir

25、st time in decades,PUMA athletes reached the podium at international marathon majors,with Vivian Cheruiyot coming in third in Paris and Edna Kiplagat taking third position in Boston.At the Olympic Games in Paris,PUMA equips 17 federations and more than 350 athletes across a range of different sports

26、.Most recently,PUMA joined forces with the Athletic Federation of India as an Official Kit Partner.PUMA will also outfit seven federations at the Paralympic Games in Paris.Throughout this year of sports,PUMA enjoyed great visibility with the eye-catching“fireglow”colours of our football boots and tr

27、ack and field spikes worn by our athletes.6 To build on our strong portfolio of brand ambassadors on the entertainment side,we welcomed Ros,a member of one of the best-selling girl groups of all time,South Korean musical quartet BLACKPINK.With a dedicated fanbase across the globe,the K-Pop idol will

28、 support classic franchises in PUMAs Sportstyle category including the Palermo.Rebounding in China PUMA has focused on strengthening its credibility as a sports brand in China,for example by sponsoring the Diamond League event in Xiamen and by being among the top 10 brands at the Wuxi Marathon,one o

29、f the worlds largest running events.To capture the popularity of basketball in the country,PUMA took its NBA ambassador Scoot Henderson on a tour of China.The announcement of our collaboration with K-Pop star Ros also struck a chord with Chinese consumers,as it generated PUMAs biggest social media s

30、tir in China over the past years.The Formula 1 Grand Prix in China gave us the opportunity to showcase the best of the PUMA brand and the Formula 1 collection in a successful live event on Chinese e-commerce platform Tmall,which engaged millions of viewers.PUMA also leveraged its ambassadors from th

31、e world of music and entertainment to further build up brand momentum in Sportstyle.In 2024,PUMA signed singer-songwriter Henry Lau and featured him in a successful dance campaign which created great engagement on social media.Henry Lau also helped PUMA promote locally designed apparel collections,w

32、hich incorporated local fitting and design details and resonated well with consumers.Our Palermo and Speedcat sneakers became bestselling franchises,with the Speedcat immediately selling out at its initial launch.These and other measures resulted in PUMA continuing to build up momentum to rebound in

33、 China despite the difficult market environment.This was underscored by the results of the recent 6/18 shopping holiday,where PUMA clearly exceeded last years results.Winning in the USA As official partners of CONMEBOL,the Copa America tournament in the US offered a great opportunity to position PUM

34、A as a performance brand in the country and enjoy great visibility.We harnessed the appeal of our football brand ambassadors Neymar Jr.and Christian Pulisic,who hosted events ahead of the tournament to create excitement.In road running,our NITROTM technology propelled Fiona OKeeffe and Dakotah Lindw

35、urm to first and third at the US Olympic Marathon Trials,underscoring our successful return to performance running.Our lightweight NITROFOAM,which offers exceptional rebound,also features in our basketball style All-Pro NITRO,which became the official shoe of leading amateur basketball circuit NXTPr

36、o Hoops.PUMA used the cultural appeal of motorsports to launch an exclusive collection with Ferrari for the Miami Grand Prix,which sold out immediately.We drove brand heat through our strong partnerships with ambassadors from music and entertainment,especially PUMAs power couple Rihanna and A$AP Roc

37、ky.Rihanna continues to make waves with the back-to-school editions of her sneakers Creeper and Avanti while A$AP Rocky teamed up with PUMA to present the Inhale sneaker,an immediate sell-out success.PUMA doubled down on its culture-first approach to basketball by signing trailblazing footwear desig

38、ner Salehe Bembury,to reimagine the signature shoe category in basketball.In terms of organisation,we welcomed Tara McRae as Senior Vice President Marketing and Brand Strategy North America.She will lead all elements of the North American Marketing organisation to drive profitable growth and build b

39、rand equity.Tara had already worked at PUMA previously but spent the past four years as the Chief Marketing Officer&Digital Officer at Clarks.To be closer to our most important entertainment and music ambassadors,we announced that we would open a creative space in Los Angeles that will design campai

40、gns and products for the US market.To support future growth in the US market from an operational point of view,PUMA opened a new distribution centre in Arizona.7 Ongoing Momentum in Performance The success of our athletes highlights the performance of our products and our design and development team

41、s introduced exciting new innovations to the market in the first half of 2024.In football,the seventh generation of the FUTURE boot empowers our athletes,such as Neymar Jr.,Kai Havertz and Julia Grosso to experience a new level of freedom of movement.PUMA also unveiled the sixth edition of its speed

42、 boot ULTRA with a new high-performance outsole design,which generated great sell through.The gripping performances of PUMA-Teams Austria and Switzerland led to a sell-out success of the jerseys,while the fan shirt campaign with German comparison platform Check24 generated fantastic visibility in th

43、e summer of sports.In Running,the third iteration of PUMAs award-winning running shoe Deviate NITROTM is engineered with even more NITROFOAM to deliver supreme cushioning and responsiveness.Our innovations are also recognised by running experts around the world,as PUMAs ultimate race-day running sho

44、e FAST-R2 was awarded the prestigious Spanish CORREDOR award for the best new shoe of the year.Our running models will feature prominently in our new global partnership with HYROX,the world series of fitness racing.As part of the agreement,PUMA will develop a full range of innovative HYROX apparel a

45、nd bespoke footwear models.In Baskeball,PUMA used the great momentum of the signature basketball shoes with NBA-star LaMelo Ball,to expand into a signature lifestyle series with him.The LaFranc sneaker gets its inspiration and name from LaMelos official lifestyle brand specialising in designer stree

46、twear.PUMA introduced the latest signature shoe with WNBA star Breanna Stewart,the Stewie 3,which apart from its striking design incorporates the latest of PUMAs performance technology.In Golf,Cobra launched a new driver series called DARKSPEED.It was designed by aerospace engineers and is built for

47、 extraordinary speed and distance.Building Up Traction with Sportstyle Newness PUMA presented significant product newness in its Sportstyle offering.Maximising the current terrace and skate trends,we launched new versions of our successful Palermo and Suede XL sneakers,which are continuing to resona

48、te well with our consumers.The classic running style Easy Rider,with its sought-after T-toe style,was also brought back for a new generation,with great feedback from our accounts and customers.To raise awareness for PUMAs other Classics franchises,we launched the communications platform“Rewrite the

49、Classics”.PUMA also helped create the next trends,as we showed with the successful introduction of our low-profile styles Mostro and Speedcat.We believe that given our amazing archive of low-profile sneakers,we can own and lead this emerging trend.By taking PUMAs new styles to the catwalk and collab

50、orating with A$AP Rocky,renowned fashion designer Kid Super and others for Paris Fashion Week,PUMA secured in-depth coverage from the most prestigious fashion magazines in the world.Sought-after collaborations with British rapper Skepta,who introduced the Skope Forever sneaker and the football-inspi

51、red“Ms Tiempo”collection,and a collection with best-selling anime series One Piece,were a sell-out success.Making Strong Progress in Sustainability In the first half of 2024,PUMA achieved significant milestones in its sustainability journey.We scaled up our RE:FIBRE technology,which transforms texti

52、le waste into new materials,and made millions of our replica shirts for 35 clubs and all teams at Euro 2024 with this recycled material.In footwear,we introduced a commercial version of our RE:SUEDE for sale,following a successful two-year composting experiment.This project demonstrated that a speci

53、al version of our classic Suede sneaker can be turned into compost under certain industrial conditions.8 We are encouraged that these initiatives and others,which are part of PUMAs FOREVER.BETTER.sustainability strategy,were recognised,when TIME Magazine listed PUMA on the“Worlds Most Sustainable Co

54、mpanies”ranking as the only company in our industry.Organisational Changes In May,Harsh Saini and Roland Krger were elected as independent members of the PUMAs Supervisory Board for a period of three years.Harsh Saini is a sustainability expert and has worked for brands such as the Body Shop,Nike an

55、d the Fung Group wheras Roland Krger is an expert in the field of retail management,marketing,and digitalisation.He currently serves as a member of the Board of Directors of Dyson Holdings.9 Sales and Earnings Development SECOND QUARTER 2024 Sales Sales grew by 2.1%(ca)to 2,117.3 million,while curre

56、ncies continued to be a headwind,negatively impacting sales in euro terms by approximately 50 million in Q2 2024(-0.2%reported).Sales in the Americas region increased by 9.0%(ca)to 887.5 million,with both the U.S.and LATAM contributing to the growth and showing a sequential improvement.The Asia/Paci

57、fic region recorded sales growth of 1.9%(ca)to 411.9 million,driven by continued growth in Greater China and sequential improvement in the rest of APAC.In the EMEA region,sales decreased by 4.3%(ca)to 817.9 million due to a decline in EEMEA from a strong prior year quarter(EEMEA grew+111%ca in Q2 20

58、23),while Europe returned to growth.PUMAs Wholesale business declined by 3.3%(ca)to 1,529.6 million,due to the decline in EEMEA.In all other regions,the wholesale business improved quarter-on-quarter,driven by continued good sell-through and improved inventory levels in the trade.Our Direct-to-Consu

59、mer(DTC)business grew by 19.5%(ca)to 587.7 million,supported by continued brand momentum and scaled back promotions.Sales in owned&operated retail stores increased 16.5%(ca)and e-commerce increased of 27.8%(Q2 2023:24.3%),in line with expectations.Sales in Footwear were flat(ca)at 1,097.0 million on

60、 the back of a strong prior year quarter(Q2 2023:+18.2%ca)with all Performance categories as well as Sportstyle Core performing very well.Sales in Apparel grew by 9.2%(ca)to 705.6 million,while sales in Accessories declined by 4.7%(ca)to 314.8 million.Gross Profit Margin The gross profit margin impr

61、oved by 200 basis points to 46.8%(Q2 2023:44.8%).Significant headwinds from currencies were more than offset by a favourable product and distribution channel mix as well as tailwinds from sourcing and freight.Operating Expenses Operating expenses(OPEX)increased by 4.3%to 879.3 million(Q2 2023:843.4

62、million).The increase was primarily due to the continued growth of our DTC business and ramp-up costs of warehouse and digital infrastructure projects while all non-demand creating costs remained under strong control.In addition,currency-related headwinds weighed on the OPEX ratio,which increased by

63、 180 basis points to 41.5%(Q2 2023:39.8%).Operating Result(EBIT)The operating result(EBIT)increased by 1.6%to 117.2 million(Q2 2023:115.3 million),despite negative currency effects on sales,gross profit margin and OPEX ratio.Consequently,the EBIT margin improved by 10 basis points to 5.5%(Q2 2023:5.

64、4%).Financial Result The financial result decreased to -42.6 million(Q2 2023:-23.0 million)due to higher currency related losses and a lower interest result.Net Income and Earnings per Share Consequently,net income decreased by 23.8%to 41.9 million(Q2 2023:55.0 million)and earnings per share amounte

65、d to 0.28(Q2 2023:0.37).The development of the operating result and net income is fully in line with our expectations that the second half of the year,particularly in the fourth quarter,will be stronger than the first half,and that net income will improve in line with the operating result outlook fo

66、r FY 2024.10 Sales by regions and product divisions million20242023Eurocurrency adjusted20242023Eurocurrency adjusted Breakdown by regions EMEA817.9 846.0-3.3%-4.3%1,673.7 1,729.7-3.2%-2.2%Americas887.5 861.5 3.0%9.0%1,677.5 1,689.4-0.7%5.1%Asia/Pacific411.9 413.3-0.3%1.9%868.5 889.2-2.3%1.2%Total2,

67、117.3 2,120.7-0.2%2.1%4,219.6 4,308.3-2.1%1.3%Breakdown by product divisions Footwear1,097.0 1,126.0-2.6%0.0%2,278.4 2,336.4-2.5%1.6%Apparel705.6 663.3 6.4%9.2%1,313.7 1,311.0 0.2%3.5%Accessories314.8 331.3-5.0%-4.7%627.5 660.9-5.1%-4.0%Total2,117.3 2,120.7-0.2%2.1%4,219.6 4,308.3-2.1%1.3%growth rat

68、esSecond QuarterFirst Half-YearQ2growth rates1-611 FIRST HALF-YEAR 2024 Sales Sales increased by 1.3%(ca)to 4,219.6 million.Currencies were a major headwind,negatively impacting sales in euro terms by approximately 150 million in H1 2024(-2.1%reported).The Americas region led the growth with a sales

69、 increase of 5.1%(ca)to 1,677.5 million,followed by the Asia/Pacific region with a sales increase of 1.2%(ca)to 868.5 million,while sales in the EMEA region declined by 2.2%(ca)to 1,673.7 million.PUMAs Wholesale business declined by 3.1%(ca)to 3,137.7 million as a result of disciplined sell-in and f

70、ocus on good sell-through in preparation for a stronger sell-in in H2 2024.Our Direct-to-Consumer(DTC)business increased by 16.7%(ca)to 1,081.9 million.Sales in owned&operated retail stores increased 16.0%(ca)and e-commerce increased 18.1%(ca).This resulted in an increased DTC share of 25.6%(H1 2023

71、:22.8%).Among product divisions,sales in Footwear increased by 1.6%(ca)to 2,278.4 million and Apparel grew by 3.5%(ca)to 1,313.7 million.Accessories decreased by 4.0%(ca)to 627.5 million.Gross Profit Margin The gross profit margin increased by 150 basis points to 47.2%(H1 2023:45.7%).Major headwinds

72、 from currencies were more than offset by a favourable product and distribution channel mix as well as tailwinds from sourcing and freight.Operating Expenses Operating expenses(OPEX)increased by 1.9%to 1,724.6 million(H1 2023:1,691.7 million).The continued growth of our DTC business and ramp-up cost

73、s for infrastructure projects were the main drivers of this increase.As a result,the OPEX ratio was up 160 basis points to 40.9%(H1 2023:39.3%),also impacted by currency headwinds.Result before Interest,Taxes,Depreciation and Amortisation(EBITDA)The result before interest,taxes,depreciation and amor

74、tisation(EBITDA)decreased to 445.8 million in the first half of 2024(last year:455.6 million).Operating Result(EBIT)The operating result(EBIT)decreased by 5.1%to 276.2 million(H1 2023:290.9 million),mainly due to negative currency effects on sales,the gross profit margin and the OPEX ratio,which res

75、ulted in an EBIT margin of 6.5%(H1 2023:6.8%).Financial Result The financial result decreased to -69.4 million(H1 2023:-30.8 million)due to a lower interest result and higher currency related losses.Net Income and Earnings per Share Consequently,net income decreased by 25.0%to 129.3 million(H1 2023:

76、172.3 million)and earnings per share amounted to 0.86(H1 2023:1.15).The development of the operating result and net income is fully in line with our expectations that the second half of the year,particularly in the fourth quarter,will be stronger than the first half,and that net income will improve

77、in line with the operating result outlook for FY 2024.12 Net Assets and Financial Position Working Capital The working capital decreased by 2.9%to 1,643.7 million(30 June 2023:1,693.0 million).Inventories decreased by 8.6%to 1,961.1 million(30 June 2023:2,145.9 million).The quarter-on-quarter increa

78、se mainly reflects the stronger order book for the second half of the year.The Groups total inventory remains at a healthy level,while quality has further improved.Trade receivables increased by 3.4%to 1,394.7 million(30 June 2023:1,348.4 million).On the liabilities side,trade payables increased by

79、13.1%to 1,647.9 million(30 June 2023:1,457.3 million).Cashflow and Liquidity Situation The free cash flow was at -204.4 million in the first half of 2024(H1 2023:-341.4 million).As of 30 June 2024,PUMA had cash and cash equivalents of 271.8 million(30 June 2023:307.9 million).In addition,the PUMA Gr

80、oup had available credit lines totalling 1,411.7 million as of 30 June 2024(30 June 2023:1,592.5 million).Unutilised credit lines amounted to 595.4 million as of 30 June 2024 (30 June 2023:846.0 million).13 Outlook 2024 Global Economy According to the summer forecast published by the Kiel Institute

81、for the World Economy(ifw Kiel)on 13 June 2024,the moderate global economic expansion is likely to continue this year.The experts at ifw Kiel expect an increase in global production of around 3.2%for 2024 as a whole.There are risks with regard to a longer than previously expected restrictive monetar

82、y policy.Further risks for the global economy are primarily of a geopolitical nature and result not least from the uncertainties surrounding the US presidential election.Investments Investments in fixed assets of around 300 million are planned for 2024.The majority of these investments will be in in

83、frastructure in order to create the operating conditions required for the planned long-term growth.The investments mainly concern own distribution and logistics centers,investments in the expansion and modernisation of the companys own retail stores and investments in IT infrastructure.Outlook 2024

84、The first half of the year was characterised by a volatile environment with persistent currency headwinds,stressed supply chains and muted consumer sentiment globally.In this challenging environment,PUMA continued to make progress on its strategic initiatives of brand elevation,product excellence an

85、d distribution quality with special focus on the U.S.and China,and focused on strong sell-through and the best possible service to its retail partners,brand ambassadors and consumers.Based on the results of the first half year and supported by building brand momentum as well as by our strong orderbo

86、ok for the second half of the year,PUMA reiterates its outlook for the financial year 2024 of mid-single-digit currency-adjusted sales growth.Taking into account the external factors of higher freight costs,changing duties and continued muted consumer sentiment,especially in China,we narrow our outl

87、ook for the operating result(EBIT)to a range of 620 million to 670 million(2023:621.6 million;previous outlook:620 700 million).We expect net income(2023:304.9 million)to change in 2024 in line with the operating result.As in previous years,PUMA will continue to focus on managing short-term challeng

88、es without compromising the brands medium-and long-term momentum.Our sales growth and market share gains will take priority over short-term profitability.The very positive feedback from our retail partners and consumers on our 2024/2025 product line-up and go-to-market strategies gives us confidence

89、 for the medium and long term success and continued growth of PUMA.14 Condensed Interim Consolidated Financial Statements(IFRS)June 30,24June 30,23Devi-Dec.31,23 million million ation million ASSETSCash and cash equivalents271.8 307.9-11.7%552.9 Inventories*1,961.1 2,145.9-8.6%1,804.4 Trade receivab

90、les*1,394.7 1,348.4 3.4%1,118.4 Other current assets*493.8 374.3 31.9%385.6 Other current assets101.3 77.2 31.3%69.8 Current assets4,222.7 4,253.6-0.7%3,931.1 Deferred tax assets282.8 327.6-13.7%296.1 Right-of-use assets 1,069.2 1,063.2 0.6%1,087.7 Other non-current assets1,391.6 1,255.3 10.9%1,325.

91、6 Non-current assets2,743.7 2,646.1 3.7%2,709.3 Total Assets6,966.3 6,899.7 1.0%6,640.4 LIABILITIES AND EQUITYCurrent borrowings466.6 360.6 29.4%145.9 Trade payables*1,647.9 1,457.3 13.1%1,499.8 Other current liabilities*558.0 718.3-22.3%631.3 Current lease liabilities 213.0 197.1 8.1%212.4 Other cu

92、rrent liabilities15.8 73.5-78.4%47.7 Current liabilities2,901.3 2,806.7 3.4%2,537.2 Non-current borrowings357.8 427.6-16.3%426.1 Deferred tax liabilities18.4 51.5-64.3%12.4 Pension provisions24.0 20.1 19.2%22.5 Non-current lease liabilities 982.2 997.3-1.5%1,020.0 Other non-current liabilities29.0 3

93、4.4-15.8%40.0 Non-current liabilities1,411.3 1,530.8-7.8%1,520.9 Equity2,653.7 2,562.2 3.6%2,582.3 Total Liabilities and Equity6,966.3 6,899.7 1.0%6,640.4*included in working capitalBalance Sheet15 Q2/2024Q2/2023Devi-1-6/20241-6/2023Devi-million millionation million millionationSales2,117.3 2,120.7-

94、0.2%4,219.6 4,308.3-2.1%Cost of sales-1,126.7-1,170.9-3.8%-2,230.0-2,341.6-4.8%Gross profit990.6 949.8 4.3%1,989.6 1,966.8 1.2%-in%of sales46.8%44.8%+2.0 pp47.2%45.7%+1.5 ppRoyalty and commission income5.9 8.9-33.4%11.2 15.9-29.5%Other operating income and expenses-879.3-843.4 4.3%-1,724.6-1,691.7 1

95、.9%Operating result(EBIT)117.2 115.3 1.6%276.2 290.9-5.1%-in%of sales5.5%5.4%+0.1 pp6.5%6.8%-0.2 ppFinancial result-42.6-23.0 85.7%-69.4-30.8 100%Earnings before taxes(EBT)74.6 92.4-19.3%206.7 260.1-20.5%-in%of sales3.5%4.4%-0.8 pp4.9%6.0%-1.1 ppTaxes on income-18.4-23.0-20.3%-51.4-65.0-20.9%-Tax ra

96、te24.6%24.9%-0.3 pp24.9%25.0%-0.1 ppNet income attributable to non-controlling interests-14.3-14.3-0.1%-26.1-22.8 14.2%Net income41.9 55.0-23.8%129.3 172.3-25.0%-in%of sales2.0%2.6%-0.6 pp3.1%4.0%-0.9 ppEarnings per share()0.28 0.37-23.8%0.86 1.15-25.0%Earnings per share()-diluted 0.28 0.37-23.8%0.8

97、6 1.15-25.0%Weighted average shares outstanding(million shares)149.79149.800.0%Weighted average shares outstanding-diluted(million shares)149.83149.810.0%Second QuarterFirst Half-YearIncome Statement16 Statement of Comprehensive Income1-6/20241-6/2023 million millionConsolidated net income of the ye

98、ar before attribution155.3 195.1 Currency translation differences57.1-15.4 Net gain/loss on cash flow hedges,net after tax42.2-15.9 Net gain/loss from reserve for hedging costs-options,net after taxes3.9 Net gain/loss from reserve for hedging costs-forward transactions,net after taxes-10.9 Items exp

99、ected to be reclassified to the income statement in the future92.3-31.3 Remeasurements of the net defined benefit liability,net after tax-0.3 1.6 Neutral effects financial assets through other comprehensive income(FVTOCI),net after tax-0.6 3.6 Items not expected to be reclassified to the income stat

100、ement in the future-1.0 5.2 Other comprehensive income91.3-26.1 Comprehensive income 246.6 169.1 attributable to:Non-controlling interests27.0 21.6 Shareholders of PUMA SE219.7 147.5 17 1-6/20241-6/2023 million millionEarnings before taxes(EBT)206.7 260.1 Financial result and non-cash effected expen

101、ses and income181.4 231.3 Gross cash flow388.1 491.4 Change in current assets,net-420.2-603.9 Payments for taxes on income-67.4-96.6 Net cash used in operating activities-99.5-209.0 Payments for investing in fixed assets-125.4-158.0 Other investing and divestment activities incl.interest received20.

102、5 25.6 Net cash used in investing activities-104.9-132.4 Free cash flow-204.4-341.4 Free cash flow(before acquisitions)-204.4-341.4 Dividends paid to shareholders of PUMA SE-122.8-122.8 Dividends paid to non-controlling interests-27.0-23.4 Proceeds from borrowings374.0 460.9 Cash repayments of borro

103、wings-125.0 0.0 Repayments of lease liabilities-110.7-98.8 Repurchase of treasury shares-26.5 0.0 Payments of interest-63.8-38.7 Net cash used in/from financing activities-101.9 177.3 Exchange rate-related changes in cash and cash equivalents25.1 8.9 Changes in cash and cash equivalents-281.1-155.2

104、Cash and cash equivalents at the beginning of the financial year552.9 463.1 Cash and cash equivalents at the end of the reporting period271.8307.9 Cash Flow Statement18 Statement ofSubscribedCapitalTreasuryShare-Non-TotalChanges in EquitycapitalreserveRevenueDifferenceCash flowReserve forReserve for

105、stockholderscontrollingEquityreservesfromhedgeshedginghedging costsequityinterests incl.retainedcurrencycosts-forward millionearningsconversion-optionstransactions1 January 2023150.8 90.8 2,496.2-256.8 14.2 0.0 0.0-23.5 2,471.7 67.1 2,538.8 Consolidated net income of the year0.0 0.0 172.3 0.0 0.0 0.

106、0 172.3 22.8 195.1 Other comprehensive income0.0 0.0 5.2-14.2-15.9 0.0-24.9-1.2-26.1 Comprehensive income0.0 0.0 177.5-14.2-15.9 0.0 147.5 21.6 169.1 Dividends paid to shareholders of PUMA SE/non-controlling interests -122.8-122.8-23.4-146.2 Share-based payment and Utilization /Issue of treasury sto

107、ck0.3 0.2 0.4 0.4 30 June 2023150.8 91.0 2,551.0-270.9-1.7 0.0 0.0-23.3 2,496.8 65.3 2,562.2 31 December 2023150.8 93.8 2,677.0-342.7-3.9 0.0 0.0-21.6 2,553.4 28.9 2,582.3 Effect of transition to IFRS 9(hedge accounting),net after tax-4.9-1.3 6.2 0.0 0.0 1 January 2024150.8 93.8 2,672.1-342.7-3.9-1.

108、3 6.2-21.6 2,553.4 28.9 2,582.3 Consolidated net income of the year0.0 0.0 129.3 0.0 0.0 0.0 129.3 26.1 155.3 Other comprehensive income0.0 0.0-1.0 56.1 42.2 3.9-10.9 0.0 90.4 0.9 91.3 Comprehensive income0.0 0.0 128.3 56.1 42.2 3.9-10.9 0.0 219.7 27.0 246.6 Gain and loss from hedging,that has been

109、reclassified to inventories1.2 1.2 1.2 Dividends paid to shareholders of PUMA SE/non-controlling interests -122.8-122.8-27.0-149.8 Share-based payment and Utilization /Issue of treasury stock2.9 1.9 4.8 4.8 Repurchase of treasury stock-31.3-31.3-31.3 Changes in the scope of consolidation-0.1-0.1-0.1

110、 30 June 2024150.8 96.7 2,677.7-286.7 39.5 2.6-4.7-51.0 2,624.9 28.9 2,653.7 Other reserves19 Operating Segments 1-6/2024RegionsSalesEBIT Investments1-6/20241-6/20231-6/20241-6/20231-6/20241-6/2023 million million million million million millionEurope1,002.5 1,013.0131.5 129.516.2 9.7EEMEA*791.0 868

111、.1166.2 207.711.5 12.6North America1,024.2 1,037.4117.5 124.328.4 47.1Latin America628.2 625.9122.5 142.730.3 44.8Greater China314.5 305.161.2 52.03.5 2.6Asia/Pacific(without Greater China)*201.8 215.627.9 32.02.3 2.7stichd244.7 237.134.4 46.010.8 6.0Operating segments in total4,206.9 4,302.2661.2 7

112、34.1103.0 125.5Depreciation and AmortisationInventoriesTrade Receivables(3rd party)1-6/20241-6/20231-6/20241-6/20231-6/20241-6/2023 million million million million million millionEurope33.5 30.4543.8 613.6275.9 284.1EEMEA*31.4 30.8426.2 410.6346.6 325.9North America42.1 42.0438.8 611.9275.9 279.5Lat

113、in America24.5 15.6379.5 364.4277.6 272.2Greater China14.8 15.4112.1 116.254.1 40.7Asia/Pacific(without Greater China)*11.0 11.564.8 82.265.9 68.0stichd7.0 5.1127.9 102.895.1 73.4Operating segments in total164.2 150.72,093.3 2,301.61,391.2 1,343.7Non-current Assets1-6/20241-6/2023 million millionEur

114、ope494.9 470.8EEMEA*217.3 198.0North America776.6 769.3Latin America264.0 179.1Greater China87.6 84.1Asia/Pacific(without Greater China)*83.7 97.7stichd230.3 210.6Operating segments in total2,154.4 2,009.7*Prior year amounts were adjusted due to changes of the structure of the regions EEMEA and Asia

115、/Pacific(without Greater China)20 ProductSalesGross Profit Margin1-6/20241-6/20231-6/20241-6/2023 million million million millionFootwear2,278.4 2,336.446.2%44.2%Apparel1,313.7 1,311.048.2%47.7%Accessories627.5 660.948.5%46.6%Total4,219.6 4,308.347.2%45.7%ReconciliationsSales1-6/20241-6/2023 million

116、 millionOperating segments in total4,206.9 4,302.2Central Units12.7 6.2Total4,219.6 4,308.3EBIT 1-6/20241-6/2023 million millionOperating segments in total661.2 734.1Central Units-146.9-193.3Central marketing expenses-238.0-249.9Consolidation0.0 0.0EBIT276.2 290.9Financial Result-69.4-30.8EBT206.7 2

117、60.1InvestmentsDepreciation and Amortisation1-6/20241-6/20231-6/20241-6/2023 million million million millionOperating segments in total103.0 125.5164.2 150.7Central Units13.2 22.419.9 19.3Consolidation0.0 0.00.0 0.0Total116.1 147.9184.2 170.1InventoriesTrade Receivables(3rd party)Non-current Assets1

118、-6/20241-6/20231-6/20241-6/20231-6/20241-6/2023 million million million million million millionOperating segments in total2,093.3 2,301.61,391.2 1,343.72,154.4 2,009.7Not allocated to the operating segments-132.2-155.73.6 4.7200.8 217.8Total1,961.1 2,145.91,394.7 1,348.42,355.2 2,227.521 Explanatory

119、 Notes to the Condensed Interim Consolidated Financial Statements(IFRS)as of 30 June 2024 GENERAL REMARKS Under the“PUMA”brand name,PUMA SE and its subsidiaries(the“PUMA group”)are engaged in the development and sales of a broad range of sport and sportlifestyle products including footwear,apparel a

120、nd accessories.The companys registered head office is in Herzogenaurach,Federal Republic of Germany;its responsible court of registration is at Frth(Bavaria).ACCOUNTING STANDARDS The unaudited financial report of PUMA SE and its subsidiaries(which together form the PUMA group)was prepared according

121、to IAS 34“Interim Financial Reporting”and should be read in connection with the consolidated financial statements as of 31 December 2023.The information contained in the consolidated financial statements as of 31 December 2023,apply to the financial reports for 2024,unless changes have been explicit

122、ly referred to.In preparing the half-year financial report,the accounting policies applied and explained for the consolidated financial statements as of 31 December 2023 were applied consistently with the following exception.PUMA is applying the provisions of IFRS 9 for phase 3 hedge accounting for

123、the first time as of 1 January 2024.Previously,the option of continuing to apply IAS 39 for hedge accounting was exercised.For reasons of materiality,PUMA does not resatate comparative information for previous periods.Consequently,an adjustment was made to the opening balance sheet as of 1 January 2

124、024.For existing cash flow hedge relationships,the hedging cost approach was applied retrospectively on a mandatory basis for options held as at the opening date and voluntarily for the components of forward exchange contracts excluded from the designation.This resulted in a correction of the openin

125、g balance sheet in a high single-digit million euro amount,whereby the amount was withdrawn from retained earnings and allocated to other comprehensive income.As under IAS 39,the PUMA Group now also generally designates the spot component of currency forwards and the intrinsic value of currency and

126、interest rate options in a hedging relationship under IFRS 9.The effective cumulative changes in fair value resulting from the spot component or the intrinsic value are initially recognised directly in equity in the cash flow hedge reserve in other comprehensive income.When accounting for currency h

127、edges as cash flow hedges,the fair values of the option contracts as well as the forward components and the currency basis spreads of the forward exchange contracts are excluded from designation in a hedging relationship.For these components excluded from designation,the hedging cost approach is app

128、lied mandatorily for options and voluntarily for currency forwards.When accounting for interest rate hedges as cash flow hedges,the fair values of the option transactions are excluded from designation in a hedging relationship.The hedging cost approach is mandatory for these components excluded from

129、 designation.The effective cumulative changes in market value of the non-designated components are recognised as hedging costs in other comprehensive income as a separate item.In general,the changes in market value of the components designated in hedging relationships for foreign currency hedges acc

130、umulated in other comprehensive income are included in the acquisition costs when hedged non-financial assets are initially recognised or,in other cases,are reclassified to sales in the same period as the 22 hedged item affects profit or loss.The adjustment of non-financial assets affects profit or

131、loss in the same way and in the same periods as the affected non-financial items affect profit or loss.A corresponding disclosure is made both in the statement of comprehensive income and in the statement of changes in equity.In the case of interest rate hedges,the changes in market value accumulate

132、d in accumulated other equity are reclassified to interest expense.The components excluded from the designation are reclassified from other comprehensive income to the financial result.In the unusual case for the PUMA Group that derivative financial instruments are not designated as hedging instrume

133、nts,they continue to be classified and measured at fair value through profit or loss.This financial report is partly based on assumptions and estimates which have an impact on the amounts and on the breakdown of the reported assets and liabilities as well as of the revenues and expenses.The actual v

134、alues may,in some exceptional cases,differ from these assumptions and estimates at a later date.The corresponding changes if and when they occur will be considered as soon as the findings are revised.The main uncertainties of estimates and discretionary decisions are described in the consolidated fi

135、nancial statements as of 31 December 2023.In this regard,in line with our sales strategy,the assumptions relating to the allocation of planned cash inflows in the measurement of right-of-use assets for retail stores were adjusted in the first half of 2024 based on better experience.In the first half

136、 of 2024,this led to the reversal of an impairment loss recognised in the past and last adjusted as of 31 December 2023 in a very low 2-digit million euro amount.The reversal was recognised in other operating income and expenses.SEASONAL VARIANCE The Groups sales are seasonal and result in varying s

137、ales and resulting profits throughout the year.Sales and resulting profits tend to be highest in the first and third quarters of the financial year and inventory levels tend to be lowest.This is respectively due to the start of the spring/summer and autumn/winter collections.MANAGEMENT SYSTEM Change

138、s in sales are also influenced by currency exchange effects.This is why we also state any changes in sales in euros,the reporting currency,adjusted for currency exchange effects in order to provide information that is relevant to the decision-making process when assessing the revenue position.Curren

139、cy-adjusted sales are used for comparison purposes and are based on the values that would arise if the foreign currencies included in the consolidated financial statements were not converted at the average rates for the previous year,but were instead translated at the corresponding average rates for

140、 the current year.In the case of countries that are in a hyperinflationary environment,the previous years amounts are not converted at the reporting date rates of the previous year,but at those of the current reporting year.As a result,currency-adjusted figures are not to be regarded as a substitute

141、 or as superior financial indicators,but should instead always be regarded as additional information.23 We use the indicator working capital in order to assess the financial position.Working capital is essentially the difference between current assets-including in particular inventories and trade re

142、ceivables-and current liabilities.Cash and cash equivalents,lease receivables,the positive and negative market values of derivative financial instruments and current finance and lease liabilities are not included in working capital.Net current assets include working capital line items plus current a

143、ssets and liabilities,which are not part of the working capital calculation.Current lease liabilities are not part of the net current assets.NOTES TO THE INCOME STATEMENT The breakdown of the Groups revenues by distribution channel is as follows:2024 million 2023 million Wholesale 3,137.7 3,327.4 Di

144、rect to Consumer-business(Retail)1,081.9 980.9 Total 4,219.6 4,308.3 EARNINGS PER SHARE Earnings per share are calculated in accordance with IAS 33 by dividing the result for the reporting period by the average number of shares outstanding.The average number of shares outstanding also includes veste

145、d shares not yet issued.Shares held in treasury stock reduce both the number of shares outstanding and the diluted number of shares.Outstanding stock options from the management incentive programme can generally lead to a dilution of earnings per share.2024 2023 Earnings per share 0.86 1.15 Diluted

146、earnings per share 0.86 1.15 EMPLOYEES The development of the number of employees on the basis of full-time equivalents(FTE)is as follows:2024 2023 Number of employees as of 1 January 18,681 18,071 Number of employees as of 30 June 18,420 17,590 Average number of employees 18,292 17,876 DIVIDEND The

147、 Annual General Meeting on 22 May 2024 approved a dividend of 0.82 per share for the 2023 financial year.The total amount of the distribution is 122.8 million.The dividend was paid out to the shareholders in the days following the Annual General Meeting.SHAREHOLDERS EQUITY Subscribed Capital The sub

148、scribed capital amounts to 150,824,640.00 on the balance sheet date in accordance with the articles of association and is divided into 150,824,640 no-par value shares with voting rights.This corresponds to a proportionate amount of 1.00 per share.Treasury Stock The resolution adopted by the Annual G

149、eneral Meeting on 7 May 2020(adjusted on 5 May 2021)authorised the company to purchase until 6 May 2025 its own shares to a value of up to ten percent of the share capital.Based on the aforementioned authorisation,the Management Board of PUMA SE approved a share buyback programme on 29 February 2024

150、.The first tranche provides for the buyback of treasury shares with a total purchase price of up to 100 million and begins in March 2024 for the period until 6 May 2025.24 By resolution of the Annual General Meeting on 22 May 2024,the existing authorisation was revoked and the company was again auth

151、orised to acquire treasury shares of up to ten percent of the share capital until 21 May 2029.In the period from March 2024 up to and including 30 June 2024,PUMA SE acquired 700,413 shares in the first tranche at a total price of 31,291,030.36(excluding acquisition costs)and an average purchase pric

152、e of approximately 44.68 per share.This corresponded to 0.46%of the subscribed capital.The company may use the repurchased shares for all purposes of the authorisation granted.However,PUMA SE intends to cancel the repurchased shares in the fourth quarter of 2024.Further information on the repurchase

153、 of treasury shares can be found in the following table.Repurchase of Treasury Shares in the First Half of 2024 Month Number of shares Total price in Average purchase price per share in Share of subscribed capital in Share of subscribed capital in%March 105,713 4,310,868.52 40.78 105,713 0.07%April

154、88,714 3,706,587.20 41.78 88,714 0.06%May 85,933 4,120,879.78 47.95 85,933 0.06%June 420,053 19,152,694.86 45.60 420,053 0.28%First half of 2024 in total 700,413 31,291,030.36 44.68 700,413 0.46%25 At the end of the second quarter,the company held a total of 1,596,001 PUMA shares in treasury,which c

155、orresponds to 1.06%of the subscribed capital.Development Number of Shares 2024 2023 Number of shares as of 1 January and as of 30 June 150,824,640 150,824,640 Thereof treasury shares-1,596,001-1,057,505 Shares outstanding as of 30 June 149,228,639 149,767,135 Weighted average number of shares,outsta

156、nding 149,786,266 149,801,086 Diluted number of weighted average shares,outstanding 149,829,651 149,814,188 FINANCIAL INSTRUMENTS The valuation methods of the fair values according to levels 1 to 3 are unchanged and can be found in the consolidated financial statements as of 31 December 2023.Financi

157、al instruments that are measured at fair value in the balance sheet were determined using the following hierarchy:Level 1:Use of prices quoted on active markets for identical assets or liabilities.Level 2:Use of input factors that do not involve the quoted prices stated under Level 1,but can be obse

158、rved for the asset or liability either directly(i.e.,as price)or indirectly(i.e.,derivation of prices).Level 3:Use of factors for the valuation of the asset or liability that are based on non-observable market data.The fair value of the investments held for strategic reasons only refers to equity in

159、struments of the category“fair value through OCI”(FVOCI)and is determined on the basis of level 1.The market values of derivative assets or liabilities were determined on the basis of level 2.26 MeasurementCarrying amount Fair ValueCarrying amountFair Valuecategories20242024Level 1Level 2Level 32023

160、2023Level 1Level 2Level 3under IFRS 9 million million million millionAssetsCash and cash equivalents1)AC271.8 307.9Trade receivablesAC1,394.7 1,348.4Other current financial assetsDerivatives-hedge accountingn.a.58.2 58.2 58.239.639.639.6Derivatives-no hedge accounting2)FVPL25.9 25.9 25.921.721.721.7

161、Lease receivablesn.a.15.9 4.3Remaining current financial assetsAC54.1 26.7Other non-current financial assetsDerivatives-hedge accountingn.a.5.7 5.7 5.73.43.43.4Investments3)FVOCI20.6 20.6 20.625.425.425.4Lease receivablesn.a.24.0 13.8Remaining non-current financial assetsAC31.0 34.4LiabilitiesCurren

162、t borrowingsBank liabilitiesAC396.6 175.6Promissory note loansAC70.0 68.5 68.5185.0183.4183.4Trade payablesAC1,647.9 1,457.3Current lease liabilitiesn.a.213.0 197.1Other current financial liabilitiesDerivatives-hedge accountingn.a.10.6 10.6 10.645.745.745.7Derivatives-no hedge accounting2)FVPL5.2 5.

163、2 5.227.627.627.6Remaining current financial liabilitiesAC28.7 35.1Non-current borrowings(promissory note loan)AC357.8 357.2 357.2427.6419.8419.8Non-current lease liabilitiesn.a.982.2 997.3Other non-current financial liabilitiesDerivatives-hedge accountingn.a.1.3 1.3 1.31.51.51.5Remaining non-curren

164、t financial liabilitiesAC2.2 0.2Total financial assets at amortised cost1,751.6 1,717.3Total financial liabilities at amortised cost2,503.2 2,280.6Total financial assets at fair value through profit or loss25.9 21.7Total financial liabilities at fair value through profit or loss5.2 27.6Total financi

165、al assets at FVOCI20.6 25.41)AC=at amortised cost2)FVPL=fair value through PL3)FVOCI(fair value through OCI)=equity instruments at fair value through other comprehensive income27 SEGMENT REPORTING Segment reporting is based on geographical areas of responsibility in accordance with the PUMA internal

166、 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 th

167、e respective Group company.The internal management reporting includes the following reporting segments:Europe,EEMEA(Eastern Europe,Middle East,Africa,India,South East Asia,Australia and New Zealand),North America,Latin America,Greater China,Rest of Asia/Pacific(excluding Greater China,South East Asi

168、a,Australia and New Zealand)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 centralised functions that do not meet the definition of business s

169、egments in IFRS 8.Central expenses and income include in particular central sourcing(incl.hedging),central treasury,central marketing,impairment losses on non-current assets and other global functions of the Company headquarters.The Companys main decision-maker is defined as the entire Management Bo

170、ard of PUMA SE.With the exception of stichds sales of products amounting to 30.2 million(last year:20.7 million),there are no significant internal sales between the business segments,which are therefore not included in the presentation.The operating result(EBIT)of the business segments is defined as

171、 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.Since PUMA is only active in one business field,the sporting goods industry,products

172、are additionally allocated according to the footwear,apparel and accessories product divisions in accordance with the internal reporting structure.EVENTS AFTER THE BALANCE SHEET DATE There were no events after the balance sheet date which may have a material effect on the financial situation and ear

173、nings position as of 30 June 2024.Responsibility Statement “To the best of our knowledge,and in accordance with the applicable reporting principles for interim financial reporting,the interim consolidated financial statements give a true and fair view of the assets,liabilities,financial position and

174、 profit or loss of the group,and the interim management report of the group includes a fair review of the development and performance of the business and the position of the group,together with a description of the principal opportunities and risks associated with the expected development of the gro

175、up for the remaining months of the financial year.”Herzogenaurach,7 August 2024 The Management Board of PUMA SE 28 Management Board Arne Freundt (CEO,Chief Executive Officer)Anne-Laure Descours (CSO,Chief Sourcing Officer)Maria Valdes (CPO,Chief Product Officer)Hubert Hinterseher (CFO,Chief Financia

176、l Officer)Supervisory Board Hlose Temple-Boyer (Chair)Jean-Marc Duplaix (Deputy Chairman)Fiona May Harsh Saini(since 22 May 2024)Roland Krger(since 22 May 2024)Thore Ohlsson(until 22 May 2024)(Deputy Chairman)Martin Koeppel(Employees Representative)Bernd Illig(Employees Representative)29 Financial C

177、alendar FY 2024 27 February 2024 Financial Results FY 2023 8 May 2024 Quarterly Statement Q1 2024 22 May 2024 Annual General Meeting 7 August 2024 Half-Year Financial Report 2024 6 November 2024 Quarterly Statement Q3 2024 The financial releases and other financial information are available on the I

178、nternet at “.Published by PUMA SE PUMA Way 1 D-91074 Herzogenaurach Tel.:+49(0)9132 81-0 email:investor- Internet:http:/ Notes relating to forward-looking statements:This document contains statements about the future business development and strategic direction of the Company.The forward-looking sta

179、tements are based on managements current expectations and assumptions.They are subject to certain risks and fluctuations as described in other publications,in particular in the risk and opportunities management section of the combined management report.If these expectations and assumptions do not ap

180、ply or if unforeseen risks arise,the actual course of business may differ significantly from the expected developments.We therefore assume no liability for the accuracy of these forecasts.PUMA PUMA is one of the worlds leading sports brands,designing,developing,selling and marketing footwear,apparel

181、 and accessories.For more than 75 years,PUMA has relentlessly pushed sport and culture forward by creating fast products for the worlds fastest athletes.PUMA offers performance and sport-inspired lifestyle products in categories such as Football,Running and Training,Basketball,Golf and Motorsports.I

182、t collaborates with renowned designers and brands to bring sport influences into street culture and fashion.The PUMA Group owns the brands PUMA,Cobra Golf and stichd.The company distributes its products in more than 120 countries,employs about 21,000 people worldwide and is headquartered in Herzogenaurach/Germany.For more information,please visit https:/.