Kering reports “pivotal” year for Puma

17/02/2015
Despite what it referred to as “ongoing fierce competitive pressure and a volatile and unsettled economic environment in certain regions”, luxury group Kering has said it was pleased that its Sport & Lifestyle brands reported “solid 3.5% revenue growth” in 2014.

It said 2014 was “a pivotal year” for Puma, because the brand accelerated the implementation of its strategy and action plan. Puma achieved revenues of just under €3 billion in 2014, a slight decrease, 0.4%, compared to the figure for 2013.

Across Sport & Lifestyle, Kering achieved revenues of €3.2 billion, again flat compared to 2013.

Footwear remained Puma’s largest product category, representing 42.9% of sales, with business picking up in the last three months of the year, Kering said.