PUMA Entrance bei den Headquarters

Herzogenaurach, Germany, February 07, 2005

CONSOLIDATED FINANCIAL RESULTS 2004

PUMA AG announces its consolidated financial results for the 4th Quarter and Financial Year 2004

Highlights Q4:

  • Consolidated sales up 20%
  • 51.9% strongest gross profit margin in a fourth quarter
  • EBT above expectation
  • EPS reaches 2.31 € versus 1.51 € in last year’s quarter

Highlights FY 2004:

  • Worldwide brand sales exceed € 2 billion for the first time
  • Consolidated sales up almost 23% currency adjusted
  • Gross profit margin reaches new record at 51.9%
  • EBT once again on record level with €371 million
  • EPS increases 43% to 16.06 €

Outlook:

  • Management expects new record in sales and further increase in earnings
  • Future orders increase by nearly 18% currency adjusted

In the 2004 financial year, PUMA continued the positive development of previous years and further expanded its position as a desirable Sportlifestyle brand. The financial targets set at the beginning of the year were significantly exceeded. The financial year closed with double-digit growth for the sixth consecutive year. For the first time, worldwide brand sales reached the € 2 billion mark with a currency-adjusted increase of over 21%. Consolidated sales rose 23%. In addition to the strong sales growth, the gross profit margin likewise climbed to a new record high of nearly 52%. Pre-tax profit reached € 371 million, growing faster than sales for the sixth consecutive year. Earnings per share jumped from € 11.26 to € 16.06. At year-end, PUMA’s share was listed at € 202.30. This corresponds to another significant value increase of 45% compared to the end of the previous year.

Photo Credits: Robert Ashcroft/ PUMA