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PUMA 2021 results the best in the company's history
February 23, 2022PUMA 2021 results the best in the company's history
February 23, 2022PUMA’s brand momentum continues to be strong! This morning we released our 2021 results and we are excited to announce that we had our best-ever annual sales and earnings before interest and tax (EBIT).
In 2021, our global sales rose by almost a third compared with 2020 to 6.8 billion euros. All of our regions increased by double digits, with the strongest growth coming from the Americas and EMEA. In terms of product divisions, Footwear grew fastest with sales increasing by about a third compared to the previous year. Thanks to these strong sales results, a higher gross profit margin and our continued control of operating expenses, our 2021 EBIT came in at 557.1 million euros, another PB for PUMA!
2021 was a very successful year for us. Despite all the issues and obstacles related to COVID-19 and political tensions around the world, we had the best year in PUMA’s history. I am extremely thankful and proud of our PUMA family. Many of our employees did far more than a company can normally expect from them and a lot of our external partners supported us in an extraordinary way.
But now it’s full steam ahead for 2022! Despite the very strong growth in 2021, we continue to face a high degree of uncertainty in our global business environment. The year 2022 has started with an all-time high of COVID-19 cases and consequently, several governments have implemented regional or country-wide restrictions which affect our entire value chain from manufacturing to retail store operations. Political tensions in key markets as well as supply chain constraints due to container shortages and port congestion are also unfortunately continuing in the new year.
Despite these uncertainties, we expect a strong currency-adjusted sales growth of at least 10% in the financial year 2022. We anticipate our EBIT to be in a range of between 600 million and 700 million euros and net earnings to improve correspondingly.
