Puma: a record turnover of €8.465bn (+18.9%) & a net profit of €354m (+14.2%) in 2022

Puma has posted a record turnover of €8.465bn for the financial year 2022 (ended 31/12/2022), up 18.9% compared to 2021 (€6.805bn), announced the German equipment manufacturer on 01/03/2022.

The brand's net profit for the period amounted to €354m, compared to €310m the previous year (+14.2%). Lastly, operating profit (EBIT) rose to €641m in 2022, compared with €557m in 2021, an increase of 15%.

With the exception of China, which remains affected by " Covid-19 related lockdown measures and geopolitical tensions, while other key markets in Asia/Pacific delivered strong growth" Puma's revenue increased in all geographic regions:
• EMEA: €3.113bn (+23% versus 2021; €2.531bn)
• Americas: €3.685bn (+39.8% versus 2021; €2.636bn)
• Asia Pacific: €1.665bn (+1.7% versus 2021; €1.636bn).

In addition, the brand recorded revenue growth in its three segments: "footwear" (+36.5%; from €3.163bn in 2021 to €4.317bn in 2022), "apparel" (+15.1%; from €2.517bn to €2.896bn) and "accessories" (+11.2%; from €1.124bn to €1.251bn).

"Considering Puma's strong momentum, we expect currency-adjusted sales growth in…