04.08.2013 Views

Html - PUMA CATch up

Html - PUMA CATch up

Html - PUMA CATch up

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

Content<br />

5 <strong>PUMA</strong>.Creative 77<br />

Creative Art network 78<br />

<strong>PUMA</strong>.Creative Film Program 79<br />

The <strong>PUMA</strong>.Creative Impact Award 82<br />

HOME OCEAnS 84<br />

Independent Assurance Report 85<br />

6 Brand 88<br />

Brand Strategy 89<br />

Teamsport 90<br />

Running 93<br />

Motorsport 95<br />

Golf 97<br />

Sailing 99<br />

Fitness 101<br />

Lifestyle 103<br />

7 Management Report 106<br />

2012 Overview 107<br />

General Economic Situation 109<br />

Strategy 110<br />

Business development 112<br />

Value Management 126<br />

Product development and design 128<br />

Procurement 129<br />

Employees<br />

Compensation Report on the Managing directors<br />

131<br />

and the Administrative Board 133<br />

Risk and Opportunity Management<br />

disclosures Pursuant to Section 315(4) of the German<br />

135<br />

Commercial Code (HGB) 140<br />

S<strong>up</strong>plemental Report and Outlook 141

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!