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PUMA SE: Publication according to §37q Para 2 Sentence 1 WpHG

DGAP-News: PUMA SE / Key word(s): Miscellaneous
PUMA SE: Publication according to §37q Para 2 Sentence 1 WpHG

03.09.2014 / 15:13

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PUMA SE

Herzogenaurach

- Security Identification Number (WKN) 696 960 -
- ISIN DE0006969603 -

Publication according to §37q Para 2 Sentence 1 WpHG

Herzogenaurach, Germany, 3 September - The German Accounting Enforcement
Panel (DPR) has discovered, that the consolidated financial statements for
the year ending on 31.12.2012 of PUMA SE, Herzogenaurach, are inaccurate:

1. In the consolidated financial statements of PUMA SE as of 31. December
2012 the pre-tax profit is understated by at least EUR10 Mio. and the
provision for restructuring overstated by the respective amount. The
planned inventory transfer, the expected double lease-cost in the course of
a relocation into new office spaces which was in negotiation status, the
consulting related to the re-engineering of the logistics, as well as
expenditures for future marketing efforts out of three sailing sponsoring
contracts are expenses for the future economic activity at the balance
sheet date and are not regarded as contingent losses, and hence are not
recognizable as liabilities.

This violates IAS 37.80 as well as IAS 37.66.

2. The consolidated financial statements disclose a goodwill of EUR289,4m,
of which EUR139,4m refer to one single cash generating unit.

The notes neither include details of the book value nor of the value
defining parameters of the impairment test of the corresponding cash
generating unit.

Moreover, these details cannot be derived for any cash generating unit as
the stated scope of the tax rates, WACC and growth rates is too large for
the regional aggregated cash generating units.
This violates IAS 36.134.

Herzogenaurach, 3 September 2014

PUMA SE

The Managing Directors



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Language: English
Company: PUMA SE
PUMA Way 1
91074 Herzogenaurach
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.puma.com
ISIN: DE0006969603
WKN: 696960
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), München;
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
Stuttgart; Terminbörse EUREX


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