8 March 2023
Puma has reported its full 2022 results, achieving a year-on-year sales increase of 18.9% to €8.47 billion, writes ILM.
In the fourth quarter alone, the company reported a year-on-year sales increase of 21.2% to €2.2 billion. Meanwhile, Puma achieved a gross profit margin of 44% in 2022 and net earnings of €1 million.
During the period, the Americas region delivered strong sales growth of 29%, driven by Latin America, while sales in EMEA were up by 26.1%. The Asia/Pacific region was held back by Chinese Covid restrictions, recording growth of 1.6%.
Sales in the company’s Footwear category were up by 53.3% driven by demand for Performance categories like Running & Training, Teamsports and Basketball.
Looking forward to the 2023 fiscal year, Puma stated that it is expecting currency-adjusted sales growth in the high single-digit percentage range and an operating result (EBIT) in a range of €590 million to €670 million.
Arne Freundt, Chief Executive Officer of Puma SE, said: “2022 was a record year for Puma. We accelerated our growth across all product categories and worldwide despite a volatile market environment. This success is thanks to our amazing Puma Family team and to our great partnerships with athletes, retailers, and suppliers.
“While facing some economic headwinds in 2023, we remain hungry and will advance the execution of our successful strategy. We will focus on elevating our brand strength and on winning market share in the U.S. and China.”