Annual Report 2024

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Results

This is a color photograph featuring two male athletes, likely in mid-stride running track races. They are wearing light green sleeveless tops with the logo of their athletic club, possibly Japan given the text and design on the uniforms which include characters that are also present in Japanese.

Targets – Results – Outlook

Targets – Results – Outlook

 

 

2024 Targets1

 

2024 Results

 

2025 Outlook

Currency-neutral net sales development

 

to increase at a
rate of around 10%

 

12%

 

to increase at a
high-single-digit rate

Operating profit

 

around
€ 1.2 billion

 

€ 1,337 million

 

between € 1.7 billion
and € 1.8 billion

Average operating working capital
in % of net sales

 

between
21% and 22%

 

19.7%

 

between
21% and 22%

Capital expenditure2

 

around
€ 600 million

 

€ 540 million

 

around
€ 600 million

1

As published on October 15, 2024.

2

Excluding acquisitions and leases.