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hezrogenaurach/Manchester, february 28, 2019
PUMA and city football group sign global long-term strategic partnership

Sports brand to equip Manchester City, one of the world’s leading clubs, plus an additional four City Football Group Clubs

Sports company PUMA and City Football Group have signed a global long-term partnership, which will see PUMA supply the reigning English Premier League champions Manchester City, as well as sister clubs in Australia, Spain, Uruguay and China.

Starting in July 2019, PUMA will be the official partner of Manchester City FC, Melbourne City FC, Girona FC, Club Atlético Torque and Sichuan Jiuniu FC, supplying all representative teams including men’s, women’s and youth football. 

“PUMA’s partnership with City Football Group is the largest deal that we have ever done - both in scope and ambition,” said Bjørn Gulden, CEO of PUMA. “We are very excited to partner with City Football Group, whose success, ambition and drive for innovation has seen them setting new standards, on and off the field. We look forward to building the most innovative partnership in football by redefining the sports partnership model both on and off the pitch. We want to maximise on-field performance as well as football culture, in areas such as music, gaming and fashion to connect and inspire the fanbase of each team.”

“This announcement marks the start of an exciting new chapter for City Football Group,” said Ferran Soriano, CEO of City Football Group. “Our relationship with PUMA, covering five City Football Group clubs across four continents, will reset the model for sports partnerships on a truly global scale whilst being locally relevant and authentic for fans around the world. PUMA share our vision for challenging expectations, and we are looking forward to what we believe will be a ground-breaking partnership.” 

This PUMA and City Football Group partnership is shaped by shared values of authenticity and innovation, and a genuine love for beautiful football. These values will drive the partnership to change the game beyond the pitch, pioneering new ways to push forward the clubs’ communities, teams, and football whilst also bringing fans together at both local and global levels. 

PUMA and Manchester City are already linked via several player partnerships, including Caroline Weir, Pauline Bremer and Nikita Parris in the Women’s Team in addition to men’s club captain Vincent Kompany, midfielder David Silva and striker Sergio Agüero, who famously scored in the last seconds of City’s final game of the 2011/2012 season to clinch the first of three league titles for the club in the modern era.

 

Media Kit below contains the Pres Release and Images:

1. Ferran Soriano (CEO City Football Group & Manchester City) & Bjørn Gulden
2. Delfi Geli (President - Girona FC) & Bjørn Gulden
3. Pauline Bremer (MCFC women’s player), Vincent Kompany (MCFC men’s captain) & Bjørn Gulden 
4. Pauline Bremer (MCFC women’s player) & Vincent Kompany (MCFC men’s captain)

 

Photo Credits (Cover Image): Photo by Manchester City FC/Man City via Getty Images 


Kerstin Neuber
Kerstin Neuber
Senior Director Corporate Communications

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herzogenaurach, germany - march 4, 2019
Puma se plans share split at a ratio of 1:10

PUMA SE plans share split at a ratio of 1:10 after preceding increase of the share capital from company funds 

The Supervisory Board and the Management Board of PUMA SE decided today to propose to the General Meeting on 18 April 2019 the resolution on a capital increase from company funds by EUR 112,213,532.16 to EUR 150,824,640.00 without the issuance of new shares (section 207(2)(2) Stock Corporation Act) as well as a subsequent amendment of the Articles of Association to re-divide the share capital at a ratio of 1 to 10 (share split).

Neither the capital increase from company funds nor the share split will result in any changes in the ownership structure of the shareholders in the Company. If the proposed resolutions are accepted by the General Meeting and the amendments to the Articles of Association is registered in the commercial register, each existing share will automatically be exchanged for 10 new shares. As a result of the increase in the number of shares of the Company by a factor of 10, their stock market price is expected to decrease accordingly. 

The agenda of the General Meeting 2019 including the resolution proposals of the Management Board and the Supervisory Board is expected to be published in the Federal Gazette on 11. March 2019.

Herzogenaurach, Germany - March 28, 2019
PUMA and First Mile to launch collection made from recycled plastic bottles

Recycled Polyester made by First Mile has a positive environmental and social impact

Sports company PUMA will launch a sustainable sportswear collection with First Mile, a company which supports low-income communities in Haiti, Honduras and Taiwan China by collecting plastic bottles to produce recycled polyester.

First Mile supports more than 4,000 people in its collection networks, recovering plastic bottles which would have otherwise continued to pollute the streets, canals and landfills of those communities. Using such bottles as a raw material source, First Mile produced more than 300 tons of recycled yarn in 2018. 

“Plastic pollution is one of the most pressing environmental problems the world faces today. That is why we are very excited to join First Mile and be a part of the solution while supporting low-income communities and transparency in supply chains,” said Adam Petrick, Global Director of Brand and Marketing for PUMA.

"We are thrilled to welcome PUMA to join a group of bold, innovative brands leading the way in responsible sourcing," said Kelsey Halling, Director of Partnerships at First Mile. "The PUMA x First Mile collaboration will positively impact lives by giving value to plastic waste."

The PUMA x First Mile collection, which will be in stores in 2020, will consist of shoes and apparel featuring utility pockets and outdoor elements. By buying the products, consumers support responsible sourcing and create a positive social and environmental impact around the world.

To address several environmental and social issues in its supply chain and make the whole company more sustainable, PUMA has set out several targets in its 10FOR20 campaign. It recently announced that its 2020 target for the use of sustainable Cotton was reached two years ahead of schedule.

The PUMA x First Mile collection will drop in Q1 and Q2 of 2020.

Download the Media Kit below to get the images and press release.

Picture Credits: First Mile
Robert-Jan Bartunek
Robert-Jan Bartunek
Teamhead Corporate Communications

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Herzogenaurach, Germany - April 4, 2019
PUMA to become Formula 1®’s exclusive retail partner at race weekends

Sports company PUMA has announced a long-term partnership with Formula 1® to become the exclusive merchandise retail partner from the start of the 2019 season. This year, PUMA stands and superstores will be present in 17 out of the 21 Grands Prix in the calendar.

Adding to the company’s impressive motorsport credentials, PUMA has gained the rights to design, produce and sell Formula 1-branded products trackside. Visitors to Formula 1 races across the globe will be able to purchase F1 and Grands Prix related products as well as all 10 teams’ merchandise from on-site PUMA stands and superstores during race weekends.  PUMA and its fully-owned subsidiary Branded will also retail official merchandise and accessories from Formula 1’s growing portfolio of consumer products licensees, such as Codemasters and BAPE. 

“PUMA has a long and proud history in motorsport, and we are very happy to take this a step further today. Our agreement with Formula 1 will allow us to connect with the fans directly at the races by offering them the best motorsport merchandise experience possible,” said PUMA CEO Bjørn Gulden. 

“We are always looking to enhance fans race day experience and to have such an experienced and creative partner such as PUMA on board to bring the latest items to our fans is something we are really excited about,” said Sean Bratches, Managing Director Commercial Operations, Formula 1®.

Branded, which already distributes PUMA replica merchandise and designs for leading F1 teams such as Scuderia Ferrari, Mercedes-AMG Petronas Motorsport, Aston Martin Red Bull Racing and Rich Energy Haas F1 Team, PUMA will now add F1 trackside retail to its offering. 

Since entering Formula 1 in 1999, PUMA has established itself as a leading motorsport supplier, providing team wear and race wear to the most successful Formula 1 teams as well as the motorsport divisions of BMW and Porsche in other racing series. 

Download the Press Release below.

Picture Credits: PUMA/ Conné
Kerstin Neuber
Kerstin Neuber
Senior Director Corporate Communications

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Herzogenaurach, Germany - April 10, 2019
PUMA BioEvolution shoe uniquely adapts to the body

Sports company PUMA today presented an experimental sports shoe as part of its BioEvolution project, which uses biologically active materials to uniquely adapt to the wearer’s foot.

The shoe, which is the first result of a collaboration with research organisation Fraunhofer Institute, will be presented at the “Materials Village” exhibition held by Material ConneXion Italia at Milano Design Week 2019. 

It features a biologically active layer of the shoe-upper that acts like a dense nanosensor net and at a microscopic level maps the areas of the foot which produce heat and sweat. This mapping then creates a matching ventilation pattern, or in other words, living micro-organisms selectively remove material to create a unique fit.

“The shoe is not unique by itself - it comes as a blank canvas. It evolves with you, when you start to wear it, and it becomes more and more an expression of your body,” said Charles Johnson, PUMA’s Global Director of Innovation. 

As PUMA’s BioEvolution technology is still at an experimental stage, no commercial version of the shoe is planned at present. PUMA has explored such materials and pioneered the use of biodesign in sportswear, following a research project with the MIT Design Lab which started in June 2017. The experimental outcomes of this collaboration were revealed for the first time at Milano Design Week last year.

The project has been conducted under the creative curation of Innovation by Design - a global, multidisciplinary design & strategy studio founded in 2014, as a MIT Design Lab spin-off.

For images and the Press Release download the Media Kit below.

All Picture Credits: Innovation by Design/ PUMA

 
herzogenaurach, germany - april 15, 2019
Puma becomes official partner of spanish football league "LaLiga"

Sports company PUMA has entered into a long-term agreement with the Spanish football league, LaLiga, to become the league’s Official Technical Partner. Starting from the 2019/20 season, PUMA will produce the official match ball for all games in Spain’s top-flight leagues; LaLiga Santander and La Liga 1|2|3.

With a total audience of 2.7 billion viewers in 183 countries annually and more than 80 million followers on social media, LaLiga is one of the world’s leading sport leagues. This sponsorship will significantly expand PUMA’s on pitch visibility and strengthen its position as a leading global football brand. 

Both companies share a long history but also a young spirit and a vision for growth that will be boosted by this alliance.

PUMA is adding LaLiga to a strong roster of PUMA football players, including some of the best players in LaLiga: Luis Suárez, Antoine Griezmann, Jan Oblak, Samuel Umtiti, Santi Cazorla, Marc Bartra, and Giovani Lo Celso. The start of the 2019/20 La Liga season will also see the addition of two new clubs: Girona FC and Valencia CF.

PUMA's values of being brave, confident, determined and joyful, fit perfectly with those of LaLiga: Teamwork, Overcoming, Equality, Respect and Tolerance, Fair Play and Authenticity. The two companies share an international vision, passion for having the best product and transforming society through the universal values of sport.

“We are extremely proud to have partnered with one of, if not, the best football league in the world,” said Johan Adamsson, PUMA’s Director of Sports Marketing. “The ball is the most essential element in football, this sponsorship is the epitome of performance. La Liga has some of the world’s best teams and players and this is another step in our efforts to achieve ‘No Football without PUMA and it ensures an even stronger global reach for our brand.”

Juan Carlos Díaz, LaLiga’s Marketing and Commercial Director added: "It is an honor for an historical sports brand like PUMA, that dresses great teams, important sportsmen and recognized artists, to want to associate with LaLiga, the best football national league in the World, and contribute all its technical quality to our ball, which is such an important element of our competition. We are convinced that this agreement will be very fruitful for both companies and will allow us to continue facing our future challenges."

For pictures and the Press Release download the Media Kit below.

Clément Lacour
Teamhead Teamsports Marketing Europe

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herzogenaurach, germany - april 23, 2019
PUMA aims for 90% share of more sustainable materials by 2020
Company’s sustainability strategy is to focus on creating a substantial positive impact

“We are proud that we have reached our targets for more sustainable materials two years earlier than planned. We still have room for improvement, which is why, we have taken steps with our suppliers to sharply increase the amount of more sustainable materials in our products going forward,” said Stefan Seidel, Head of Corporate Sustainability at PUMA.

Following a previous target of 50%, PUMA now aims for 90% of all cotton and polyester used in its products to come from more sustainable sources by 2020, part of the company’s strategy not to focus on individual collections, but to create a substantial positive environmental impact throughout its product range.

“By focusing on PUMA’s entire range, we can make a much larger positive impact and save a considerable amount of natural resources,” Seidel added.

At the end of 2018, 50 % of all cotton and 66 % of all polyester used in PUMA apparel came from more sustainable sources. Such sources include bluesign certified polyester, a production standard which eliminates harmful chemicals from the production process and promotes resource efficiency, and cotton from the Better Cotton Initiative, an organisation seeking to improve the environmental, social and economic impact of cotton production.

In 2018, PUMA also reached its target of sourcing 90 % of its leather and paper/cardboard from more sustainable sources two years ahead of schedule, using FSC certified paper and cardboard as well as leather from tanneries with a medal rating of the Leather Working Group.

Through its 10FOR20 targets set in 2015, PUMA aims to improve its sustainability performance in ten areas including the environment and the wellbeing of workers in the factories of its suppliers. At the end of 2018, PUMA was on track with eight of the ten targets it had set.

For more information on PUMA’s sustainability performance, you may consult the company’s latest annual report, which is available on https://annual-report-2018.puma.com

 

The Press Release can be downloaded below.

Robert-Jan Bartunek
Robert-Jan Bartunek
Teamhead Corporate Communications

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herzogenaurach, germany - april 26, 2019
strong sales and ebit growth in the first quarter

Quarterly Statement Q1 2019

The Quarterly Statement can be downloaded (PDF) below.

2019 First-Quarter Facts

  • Sales increase by 15.3% currency-adjusted to € 1,319 million (+16.6% reported), driven by continued growth in all regions and product divisions
  • Gross profit margin improves by 80 basis points to 49.0% 
  • Operating expenses (OPEX) increase to € 511 million (last year: € 437 million) due to higher sales related variable costs, including logistics costs as well as higher marketing and retail investments 
  • Operating result (EBIT) improves by 27.0% to € 143 million (last year: € 112 million) 
  • PUMA signs the football clubs Manchester City and Valencia CF
  • PUMA will be official matchball partner of Spanish Football League “LaLiga” starting season 2019/20
  • PUMA becomes the exclusive merchandise and trackside retail partner of Formula 1
  • PUMA’s shareholders approve share split 1:10 at the Annual General Meeting on April 18 
  • Héloïse Temple-Boyer and Fiona May elected as new members of the supervisory board

Bjørn Gulden, Chief Executive Officer of PUMA SE: 

“The first quarter of 2019 was the best quarter PUMA has ever seen. Revenues of € 1,319 million (+15.3% currency adjusted) is the highest PUMA has ever achieved in a quarter and the EBIT of € 143 million (EBIT-margin 10.8%) was also the highest absolute EBIT PUMA has ever achieved. So, it has been a very good start into the year. The growth in all regions and all product divisions shows that we continue to make progress. Even if we have nine more months to go and despite a lot of uncertainty in the market, we feel comfortable that we will achieve our guidance for the full year.”

FIRST QUARTER 2019

PUMA's sales growth continued in the first quarter of 2019. Sales rose by 15.3% currency-adjusted to € 1,319.3 million (+16.6% reported) compared to € 1,131.1 million last year. The regions Asia/Pacific, driven by China, and the Americas contributed with double-digit sales growth, while sales in EMEA increased solidly. In terms of divisions, Apparel was the main growth driver in the quarter, followed by Accessories and Footwear. The categories Running and Training, Teamsport, Motorsport and Golf on the performance side as well as Sportstyle all recorded strong growth. The double-digit increase in both wholesale and direct-to-consumer sales underlines a well-balanced growth of our business.

The gross profit margin improved by 80 basis points from 48.2% to 49.0%. The increase resulted from a favorable product mix with higher growth in Apparel and a favorable regional sales mix with higher sales growth in the Asia/Pacific region. Currency effects also had a slight positive impact on the gross profit margin development in the first quarter. 
 

Q1 Results

Operating expenses (OPEX) rose by 16.8% to € 510.7 million in the first quarter. The increase was mainly caused by higher sales-related variable costs, including logistics costs as well as higher marketing and retail investments. 
 
The operating result (EBIT) improved by 27.0% from € 112.2 million to € 142.5 million in the first quarter 2019 due to a strong sales growth combined with a higher gross profit margin. This corresponds to an EBIT-margin of 10.8% compared to 9.9% in the first quarter last year.

Net earnings went up by 40.1% from € 67.4 million last year to € 94.4 million in the first quarter of 2019, supported by an improved financial result. As a consequence, earnings per share improved from € 4.51 to € 6.31.

 

Working Capital

Despite the significant sales growth, working capital rose by only 7.1% from € 791.0 million to € 846.9 million. Inventories were up by 19.3% to € 907.5 million due to management of supplier capacities and to support the growing demand in the upcoming quarters. Trade receivables rose by 12.3% from € 685.0 to € 769.2 million. On the liabilities side, trade payables and other current liabilities increased by 17.1% to a total of € 1,004.8 million (last year: total of € 858.2 million).

 

Effects from first-time application of IFRS 16 Leases and related extension of the balance sheet

  • The new lease standard (IFRS 16) has to be applied since the beginning of this year. This led to a significant extension of the balance sheet total as of March 31, 2019. The capitalization of the ‘rights of use’ from former operating-lease contracts at the amount of 
    € 635.6 million and the recognition of a corresponding lease liability on the balance sheet were the reasons for the increase of non-current assets and liabilities. A lease liability of 
    € 116.9 million is included in other current liabilities and € 535.1 million are included in other non-current liabilities. This extension of the balance sheet resulted in a negative impact on the equity ratio, which therefore decreased from 57.9% at year-end 2018 to 44.5% at the end of the first quarter 2019.
     
    The effects from the first-time application of IFRS 16 on the profit and loss statement of the first quarter 2019, however, were not material. IFRS 16 has had a slight positive effect on the operating result (EBIT) of € 3.8 million. Including the additional interest expense of € 6.6 million due to IFRS 16 and further deferred tax effects (+ € 0.8 million), the impact on net earnings in the first quarter 2019 in total was a negative amount of € 2.0 million.
    Please refer to the Notes to the Consolidated Financial Statements as of December 31, 2018, chapter 1 General, for a detailed description of the new lease accounting standard and the effects of the first-time application of IFRS 16.


     

    Outlook 2019

     

    After a strong start into 2019 both in terms of sales and profitability, we confirm our guidance for the full-year 2019, which was provided on February 14, 2019:

  • Sales: currency-adjusted growth of around 10%
  • Gross profit margin: slight improvement compared to last year (2018: 48.4%)
  • OPEX: increase at a slightly lower rate than sales
  • EBIT: in a range between € 395 million and € 415 million 
  • Net earnings: significant improvement

Cover Picture Credits: Getty Images

Kerstin Neuber
Kerstin Neuber
Senior Director Corporate Communications
Johan-Philip Kuhlo
Johan-Philip Kuhlo
Investor Relations – PUMA SE

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Herzogenaurach, Germany - June 6, 2019
PUMA sets date for 1:10 share split

Sports company PUMA has set June 10 as the date for its 1:10 share split, following approval by the company’s shareholders and regulatory clearance.

Starting June 10, each existing shareholder will therefore receive nine additional shares for each share they already own. It is expected that the price per share will adjust accordingly.

PUMA’s management has decided to initiate the stock split to make the shares more accessible to retail investors in order to further diversify its shareholder base.

The relevant changes to the articles of association were registered with the local court (Amtsgericht) in Fürth on May 23, 2019.

Kerstin Neuber
Kerstin Neuber
Senior Director Corporate Communications

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herzogenaurach, germany - june 11, 2019
puma signs rising pole vault star armand "mondo" Duplantis
Global sports company PUMA has signed rising Pole Vault star Armand "Mondo" Duplantis, the young athlete competing for Sweden, who will further boost the company's impressive roster of track and field athletes.

At only 19 years of age, U.S. born Mondo has already won several medals and broken a fair share of records. In 2018, he stunned the track and field world at the European Championships by setting a U20 record for a 6.05m jump and taking the gold medal.

“I don’t want to sound like a cliché, but being part of the PUMA family is a dream come true,” said Mondo about his new relationship with the sports brand. “It’s a perfect fit because Usain Bolt is the greatest ever to live, and I’m not saying that I’m him, but following in his steps is an amazing opportunity. I’m honored that PUMA trusted me to represent the brand, I’ll do everything it takes to make them proud.”

Mondo’s success is the result of a lifelong dedication to the sport and being born into an athletic family. Coached by his mother and father, he grew up pole vaulting in his own backyard.

In addition to his exceptional athletic abilities, Mondo is a charismatic, inspiring, hard-working, and a highly motivated person. He has what it takes to shine in anything he strives for, especially on the road to 2020.

“We are humbled that Mondo has decided to join the PUMA family; he represents everything we are as a brand. PUMA has a long history in sports, and throughout the years we’ve partnered with some of the world’s greatest athletes, like legends Tommie Smith, Maradona, Pelé, and most recently, Usain Bolt,” said Pascal Rolling, Global Head of Running Sports Marketing. “We are confident that Mondo will leave a huge and memorable mark in the sport of Track and Field, as have many of our athletes.”

 

 

For pictures and the Press Release download the Media Kit below.

Alberto Turincio
Alberto Turincio
Teamhead Touchpoints Sportstyle

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herzogenaurach, germany - june 25, 2019
puma commits to 35% reduction in carbon emissions by 2030
Sports company PUMA aims for a 35% reduction of its greenhouse gas emissions by 2030, a target which was approved by the Science Based Target initiative (SBTi).

With a science-based target, a company ensures that it reduces greenhouse gas emissions sufficiently to meet the goals of the Paris Agreement, which aims to limit global warming to well-below 2°C above pre-industrial levels.

PUMA has committed to reduce emissions from owned and operated facilities, as well as its energy needs (Scope 1 and 2 emissions) by 35% by 2030 compared to 2017. The company also aims to reduce Scope 3 emissions, coming from purchased goods and services, by 60% per Million € in sales between 2017 and 2030.

“Recent scientific reports have highlighted the need for urgent action, as global warming is happening at a faster pace than previously anticipated,” said Stefan Seidel, PUMA’s Head of Corporate Sustainability. “That is why PUMA wants to be a part of the solution by setting a bold path towards reducing greenhouse gas emissions.”

As part of its commitment to reduce greenhouse gas emissions, PUMA plays a leading role in the “Fashion Industry Charter for Climate Action”, which was introduced at the UN Climate Conference in Poland last year.

“We know that the fashion industry has a significant impact on the environment, but rapid growth in global apparel and footwear production shows no signs of slowing,” said Cynthia Cummis, Director of Private Sector Climate Mitigation at World Resources Institute (WRI), one of the SBTi partners. “We need more companies in the industry to follow PUMA’s lead and pursue comprehensive strategies to decarbonize and do their part to prevent catastrophic climate change.”

Today, the SBTi released new guidance that provides clarity on measuring and reducing value chain emissions in the apparel and footwear sector.  The SBTi defines and promotes best practice in science-based target setting, offers cutting-edge resources and expert guidance to reduce barriers to adoption, and independently assesses and approves companies’ targets. It is a collaboration between CDP, the United Nations Global Compact (UNGC), World Resources Institute (WRI), and the World Wide Fund for Nature (WWF). 

 

 

The Press Release can be downloaded below.

Robert-Jan Bartunek
Robert-Jan Bartunek
Teamhead Corporate Communications

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`s-hertogenbosch, the netherlands - july 1, 2019
more than a socks company: stichd sets bold new course

Product licensing company stichd has today begun a new chapter, combining three companies into one to build on decades of experience in designing and creating the highest quality bodywear, legwear, swimwear and fanwear for some of the world’s leading brands.

stichd, fully owned by sports company PUMA, aims to use its new corporate identity to become a globally recognised player which builds long-term relationships with brands to expand into new business areas.

stichd has more than 500 employees and has posted double-digit growth rates every year since being taken over by PUMA.

“Over the past decade we have connected brands, retailers and consumers to create experiences that matter,” said Nina Nix, Chief Executive Officer of stichd. "It is now time for stichd to step out of the shadows and confidently present itself as a brand in its own right.”

Nix moved to the Netherlands seven years ago when PUMA took over Dobotex, its Dutch licensee, which had been making socks for the sports company since 1997. Since then, the company built up a large portfolio of brands and expanded into new business categories, most recently swimwear. 

Sports merchandising specialist Branded, founded in 2014, will also be a part of the new company stichd. Most recently, Branded signed a deal to become the exclusive trackside retailer at most Formula 1 races. Dobologic, the group’s logistics arm, is the third company to be integrated into stichd.

 

For more information about stichd, please visit http://stichd.com/

 

Robert-Jan Bartunek
Robert-Jan Bartunek
Teamhead Corporate Communications

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