At the meetings in March and November, the Executive Board reported on the investment into the extension
of office buildings at the World of Sports on the Herzogenaurach campus, which we approved in November
after in-depth consultation and discussion. At our meeting in May, we discussed the strategic and financial
advantages of acquiring the hitherto rented, strategically important distribution centre in Chekhov, Russia,
which we approved in the interest of optimising profitability. At the August meeting, we discussed in detail the
Executive Board’s planned acquisition of all shares in runtastic GmbH, Austria, which, with its comprehensive
app portfolio, enables the company to further expand its digital marketing. We then approved the acquisition
at a purchase price of € 220 million.