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Adidas AG (ADSGn.DE)

ADSGn.DE on Xetra

267.30EUR
30 Nov 2020
Change (% chg)

€-3.90 (-1.44%)
Prev Close
€271.20
Open
€269.80
Day's High
€273.10
Day's Low
€267.30
Volume
1,396,967
Avg. Vol
562,015
52-wk High
€317.45
52-wk Low
€162.20

Latest Key Developments (Source: Significant Developments)

Adidas Says Business In Greater China Returns To Growth In May
Thursday, 4 Jun 2020 

June 4 (Reuters) - Adidas AG ::ADIDAS BUSINESS IN GREATER CHINA RETURNS TO GROWTH IN MAY.AROUND TWO-THIRDS OF THE GLOBAL STORE FLEET ARE AT LEAST PARTIALLY OPEN AS OF TODAY.TRAFFIC REMAINED BELOW THE PRIOR YEAR LEVEL IN MAY BUT TRAFFIC SHORTFALL WAS MORE THAN OFFSET BY AN INCREASE IN CONVERSION RATES AND THE EXCEPTIONAL GROWTH IN THE COMPANY’S E-COMMERCE BUSINESS.OVERALL REVENUE GROWTH IN GREATER CHINA TURNED POSITIVE FOR THE MONTH OF MAY.FOLLOWING THE EARLIER-THAN-EXPECTED RETURN TO GROWTH, ADIDAS NOW EXPECTS GREATER CHINA SALES FOR THE SECOND QUARTER TO BE AROUND THE PRIOR YEAR-LEVEL.IN EUROPE, THREE-QUARTERS OF THE COMPANY’S STORES HAVE REOPENED AS OF TODAY, ALBEIT WITH THE MAJORITY OPERATING AT REDUCED HOURS.WHILE AROUND HALF OF THE STORES IN RUSSIA/CIS HAVE ALSO RESUMED OPERATIONS, THE OPENING RATES IN NORTH AMERICA AND LATIN AMERICA ARE STILL SIGNIFICANTLY BELOW 50%.AS IN TOTAL THOSE DEVELOPMENTS ARE LARGELY CONSISTENT WITH THE COMPANY’S PREVIOUS ASSUMPTIONS, ADIDAS DOES NOT PROJECT A SIGNIFICANT DEVIATION FROM THE SECOND QUARTER TOP- AND BOTTOM-LINE GUIDANCE AS PROVIDED ON APRIL 27, 2020.  Full Article

Adidas more worried about US-China currency war than trade
Thursday, 8 Aug 2019 

Aug 8 (Reuters) - Adidas AG ::ADIDAS CEO SAYS EXPECTS EUROPE TO RETURN TO GROWTH BY END OF YEAR, U.S. SUPPLY SHORTAGES OVER BY YEAR END.ADIDAS CEO SEES Q3 GROWTH FASTER THAN Q2 AND Q4 TO BE FASTER THAN Q3.ADIDAS CEO SAYS MORE WORRIED ABOUT CURRENCY WAR BETWEEN U.S. AND CHINA THAN ABOUT TRADE WAR.ADIDAS CEO SAYS NO TALKS GOING ON TO SELL REEBOK.  Full Article

Adidas: Measures Against Bottlenecks To Take Effect Mainly In Q4
Friday, 3 May 2019 

May 3 (Reuters) - Adidas AG leadership in earnings call::CEO SAYS HE EXPECTS "TREMENDOUS" IMPACT FROM PARTNERSHIP WITH BEYONCE, FIRST PRODUCE LAUNCHES DUE BY END YEAR.CEO SAYS USING MORE AIR FREIGHT TO MITIGATE SUPPLY CHAIN SHORTAGES, WHICH HAS COST IMPLICATION.CEO SAYS STEPS TO MITIGATE SUPPLY CHAIN PROBLEMS SHOULD MEAN RETURN TO NORMAL GROWTH IN 2020.EFFORTS TO RESOLVE SUPPLY CHAIN BOTTLENECK TO TAKE EFFECT PARTICULARLY IN Q4.CEO EXPECTS ECOMMERCE TO KEEP GROWING 30-40 PERCENT FOR YEARS TO COME.CFO SEES MORE PRONOUNCED COSTS FROM AIR FREIGHT IN Q2 AND Q3, BUT ALREADY INCLUDED IN GUIDANCE.  Full Article

Adidas Names New Board Member For Global Operations
Wednesday, 27 Feb 2019 

Feb 27 (Reuters) - Adidas AG ::MARTIN SHANKLAND TO SUCCEED GIL STEYAERT AS BOARD MEMBER GLOBAL OPERATIONS AT ADIDAS AG.  Full Article

Adidas Continues 3 Bln Euros Share Buyback Program
Monday, 7 Jan 2019 

Jan 7 (Reuters) - Adidas AG ::ADIDAS CONTINUES SHARE BUYBACK PROGRAM WITH SECOND TRANCHE.THE COMPANY INTENDS TO REPURCHASE OWN SHARES WORTH AROUND € 800 MILLION IN 2019.UNDER THE CURRENT PROGRAM, ADIDAS PLANS TO BUY BACK OWN SHARES FOR UP TO € 3.0 BILLION BETWEEN MARCH 2018 AND MAY 2021.THE BUYBACK PROGRAM COMPLEMENTS ADIDAS’ POLICY TO PAY AN ANNUAL DIVIDEND TO SHAREHOLDERS IN THE RANGE OF 30% TO 50% OF NET INCOME FROM CONTINUING OPERATION.AVERAGE PURCHASE PRICE PER SHARE IN BUYBACK SCHEME WAS € 196.45.  Full Article

Adidas Completes First Tranche Of Share Buyback Program
Thursday, 13 Dec 2018 

Dec 13 (Reuters) - ADIDAS AG ::COMPLETES FIRST TRANCHE OF SHARE BUYBACK PROGRAM.BOUGHT BACK 5.1 MILLION SHARES, CORRESPONDING TO 2.5% OF COMPANY’S SHARE CAPITAL, FOR A TOTAL CONSIDERATION OF € 1 BILLION.AVERAGE PURCHASE PRICE PER SHARE WAS € 196.45.  Full Article

Puma signs partnership with British singer Dua Lipa

BERLIN, Nov 17 German sportswear firm Puma announced on Tuesday that it has signed a collaboration with British singer Dua Lipa.