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Adidas AG (ADSGn.DE)

ADSGn.DE on Xetra

258.70EUR
4:57pm IST
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Latest Key Developments (Source: Significant Developments)

Adidas Receives Approval For Syndicated Loan Through KfW
Tuesday, 14 Apr 2020 

April 14 (Reuters) - ADIDAS AG ::RECEIVES APPROVAL FOR SYNDICATED LOAN THROUGH KFW.YET TO BE CONCLUDED SYNDICATED LOAN COMPRISES A LOAN COMMITMENT OF EUR 2.4 BILLION FROM KFW AND EUR 600 MILLION IN LOAN COMMITMENTS FROM A CONSORTIUM OF COMPANY'S PARTNER BANKS.SYNDICATED REVOLVING LOAN FACILITY AMOUNTING TO EUR 3.0 BILLION.ONE OF CONDITIONS OF SYNDICATED LOAN IS THAT ADIDAS DE FACTO SUSPENDS DIVIDEND PAYMENTS FOR DURATION OF FACILITY.: ADIDAS RECEIVES APPROVAL FOR SYNDICATED LOAN THROUGH KFW.FURTHER DEVELOPMENT OF CORONAVIRUS OUTBREAK AND ITS IMPACT ON COMPANY'S BUSINESS CANNOT BE PREDICTED AT THIS POINT IN TIME.STILL NOT ABLE TO PROVIDE AN OUTLOOK FOR FULL YEAR 2020 THAT INCLUDES THIS IMPACT.  Full Article

Adidas sees 50-70 mln euro sales hit if Olympics, Euro postponed
Wednesday, 11 Mar 2020 

March 11 (Reuters) - Adidas AG ::ADIDAS CEO SAYS DOES NOT EXPECT MUCH CATCH-UP BUYING IN CHINA POST-CORONAVIRUS.ADIDAS CEO NO PLANS TO CUT JOBS BECAUSE OF CORONAVIRUS, CONTINUING TO INVEST.ADIDAS CFO SAYS WILL NOT BECOME LOSS-MAKING IN Q1, NOTES HAS NEVER HAD STRONGER BALANCE SHEET, CASH POSITION.ADIDAS CFO SAYS SEE SPILLOVER FROM CORONAVIRUS IN EUROPE BUT TOO EARLY TO GIVE GUIDANCE ON IMPACT.ADIDAS CEO SAYS IF OLYMPICS OR EURO 2020 POSTPONED, THIS COULD HAVE 50-70 MLN EUROS IMPACT ON REVENUE.ADIDAS CEO SEES TRAFFIC SLOWDOWN IN STORES IN EUROPE, NOTABLY IN ITALY, BUT NOT YET BUSINESS IMPACT.ADIDAS CEO SAYS WILL CONTINUE WITH SHARE BUYBACKS.  Full Article

Adidas says coronavirus to cut Q1 group sales by more than 10%
Wednesday, 11 Mar 2020 

March 11 (Reuters) - Adidas AG ::ADIDAS EXPECTS Q1 GROUP SALES TO BE MORE THAN 10% BELOW PRIOR YEAR DUE TO CORONAVIRUS - PRESENTATION.ADIDAS SAYS EXPECTS CORONAVIRUS TO ONLY CAUSE A TEMPORARY DIP IN 2020 BEFORE RETURN TO GROWTH.ADIDAS EXPECTS Q1 SALES IN JAPAN AND SOUTH KOREA TO BE ABOUT 100 MILLION EUROS BELOW PRIOR YEAR.ADIDAS EXPECTS REST OF WORLD Q1 SALES TO GROW CURRENCY NEUTRAL 6-8%.  Full Article

Adidas Announces 2020 Share Buybacks Worth Up To €1 Bln
Tuesday, 7 Jan 2020 

Jan 7 (Reuters) - Adidas AG ::ADIDAS CONTINUES SHARE BUYBACK PROGRAM WITH THIRD TRANCHE.ANNOUNCES START OF THIRD TRANCHE OF ITS CURRENT MULTI-YEAR SHARE BUYBACK PROGRAM INITIALLY ANNOUNCED IN MARCH 2018 AND INTENDS TO REPURCHASE OWN SHARES WORTH UP TO € 1.0 BILLION IN 2020.  Full Article

Adidas Completes Second Tranche Of Share Buyback Program
Thursday, 19 Dec 2019 

Dec 19 (Reuters) - Adidas AG ::COMPLETES SECOND TRANCHE OF SHARE BUYBACK PROGRAM.COMPLETES SECOND TRANCHE OF SHARE BUYBACK PROGRAM; TOTAL CASH RETURN TO SHAREHOLDERS AGAIN € 1.5 BILLION IN 2019.AVERAGE PURCHASE PRICE PER SHARE WAS € 252.80..  Full Article

Adidas Discontinues Production At Speedfactories in Germany, U.S.
Monday, 11 Nov 2019 

Nov 11 (Reuters) - Adidas AG ::ADIDAS DEPLOYS SPEEDFACTORY TECHNOLOGY AT ASIAN SUPPLIERS BY END OF 2019.PRODUCTION AT THE ANSBACH AND ATLANTA SPEEDFACTORIES WILL BE DISCONTINUED.STARTING AT THE END OF THIS YEAR, ADIDAS WILL USE ITS SPEEDFACTORY TECHNOLOGIES TO PRODUCE ATHLETIC FOOTWEAR AT TWO OF ITS SUPPLIERS IN ASIA.COMPANY EXPECTS THIS TO RESULT IN BETTER UTILIZATION OF EXISTING PRODUCTION CAPACITY AND MORE FLEXIBILITY IN PRODUCT DESIGN.  Full Article

Adidas CEO expects 2019 sales up around 6.5%
Wednesday, 6 Nov 2019 

Nov 6 (Reuters) - Adidas AG ::ADIDAS CEO SAYS HE EXPECTS CONTINUED POSITIVE DEVELOPMENT IN EUROPE DUE TO UPCOMING EUROPEAN SOCCER CHAMPIONSHIP.ADIDAS CEO SAYS SUPPLY CHAIN ISSUES WILL ONLY HAVE MINIMAL IMPACT IN Q4.ADIDAS CEO SAYS HE EXPECTS 2019 NET SALES TO RISE ABOUT THE MIDPOINT OF GUIDANCE, AROUND 6.5%.ADIDAS CEO SAYS U.S. TARIFFS ON CHINA HAVE LITTLE IMPACT ON BUSINESS, MORE WORRIED ABOUT CURRENCY WAR.ADIDAS CFO SAYS CO WILL REACT TO U.S. TARIFFS ON CHINA WITH SLIGHT PRICE HIKES IN U.S. MARKET IF TARIFFS CONTINUE.ADIDAS CEO SAYS UNREST IN HONG KONG HAS SIGNIFICANT IMPACT ON STORES THERE, BUT IT IS LESS THAN 1% OF ADIDAS BUSINESS.  Full Article

Marcolin Group And Adidas Announce License Agreement
Tuesday, 25 Jun 2019 

June 25 (Reuters) - Marcolin Group::MARCOLIN GROUP AND ADIDAS ANNOUNCE LICENSE AGREEMENT.MARCOLIN GROUP - WILL DESIGN, DEVELOP, MANUFACTURE, MARKET AND SELL EYEWEAR PRODUCTS UNDER ADIDAS BADGE OF SPORT AND ORIGINALS LABELS..MARCOLIN GROUP - PARTNERSHIP, STRETCHING UNTIL 2024, WILL SEE FIRST EYEWEAR PRODUCTS HIT MARKET BEGINNING IN 2020..  Full Article

Adidas Aims For Organic Growth, Not Big Acquisitions - CEO
Thursday, 9 May 2019 

May 9 (Reuters) - Adidas AG at AGM::BIGGER ACQUISITIONS NOT ON THE AGENDA, FOCUSING ON ORGANIC GROWTH INSTEAD.SLIGHT INCREASE OF EUROPE SALES THIS YEAR.AIM TO BUY BACK OWN SHARES WORTH 800 MILLION EUR THIS YEAR.  Full Article

Adidas plans bigger volume launches of Yeezy shoes from 2020
Friday, 3 May 2019 

May 3 (Reuters) - Adidas AG ::ADIDAS CEO SAYS HE DOES NOT EXPECT ANY SIGNIFICANT IMPACT ON GROWTH FROM KANYE WEST YEEZY LAUNCHES IN 2019.ADIDAS CFO SAYS GROSS MARGIN WILL NOT KEEP EXPANDING AT PACE OF Q1 FOR REST OF YEAR, ALTHOUGH GUIDANCE MIGHT BE CONSERVATIVE.ADIDAS CEO SAYS CO PLANS BIGGER VOLUME LAUNCHES OF YEEZY SHOES IN 2020, 2021, 2022.ADIDAS CEO SAYS WILL SELL AGAIN AT DECATHLON STORES IN EUROPE AFTER MANAGEMENT, STRATEGY CHANGE AT DECATHLON.  Full Article

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Adidas plans to sell ailing Reebok business within months - manager magazin

FRANKFURT/MUNICH German sportswear company Adidas is planning to sell its Reebok division, Germany's manager magazin reported on Thursday, as the group seeks to put an end to its ill-fated investment in the U.S.-focused brand. | Video