Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Xetra  >  Adidas    ADS   DE000A1EWWW0

ADIDAS (ADS)
My previous session
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

Adidas : sees ongoing sourcing shift from China to Vietnam

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/09/2018 | 12:30pm CEST
FILE PHOTO: An Adidas sign is seen before the company's annual news conference in Herzogenaurach

BERLIN (Reuters) - The chief executive of Adidas expects a shift in its sourcing of footwear from China to Vietnam to continue although he shrugged off concerns on Wednesday about the possible imposition of U.S. tariffs on Chinese-made shoes.

Factories in Vietnam produced 44 percent of Adidas footwear volume in 2017, up from 31 percent in 2012, while Chinese suppliers made 19 percent, down from more than 30 percent in 2012, Kasper Rorsted told a annual meeting of shareholders.

"I'm not going to rule out that this trend is going to continue," he said, adding: "China is still an important procurement market, irrespective of trade duties."

Rorsted noted that there was still a lot of uncertainty over what sectors could face new U.S. tariffs. "We might be hit by import duties but it will also apply to our competitors."

German rival Puma, which makes about a third of its products in China, said last month that it is working on contingency plans to move some production from China to other Asian markets if U.S. tariffs are imposed.

(Reporting by Emma Thomasson; Editing by Arno Schuetze)

Stocks treated in this article : Puma AG Rudolf Dassler Sport, adidas
Stocks mentioned in the article
ChangeLast1st jan.
ADIDAS -0.81% 207 Delayed Quote.23.84%
PUMA AG RUDOLF DASSLER SPORT -0.55% 451 Delayed Quote.24.24%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ADIDAS
08/16ADIDAS : Patent Issued for Co-Molded 3D Elements (USPTO 10,039,342)
AQ
08/16ADIDAS : Patent Issued for Shoes For Ball Sports (USPTO 10,039,339)
AQ
08/14ADIDAS AG : Release according to Article 40, Section 1 of the WpHG [the German S..
EQ
08/14ADIDAS AG : Release of a capital market information
EQ
08/13Sports Direct's House of Fraser purchase fails to convince analysts
RE
08/10Adidas Enjoys World Cup Bounce -- WSJ
DJ
08/10ADIDAS : stock jumps after strong second quarter
AQ
08/10ADIDAS : N. America, China push up Adidas Q2 profit
AQ
08/09Consumer stocks boost European shares as trade fears, Russia sanctions weigh
RE
08/09ADIDAS : Patent Issued for UV Curable Lattice Microstructure For Footwear (USPTO..
AQ
More news
News from SeekingAlpha
07/30RiverPark Large Growth Fund Q2 2018 Performance Summary 
07/24High-Quality Hidden Gems In This Overheated Market 
06/22Under Armour - Relative Valuation And Doubts 
06/12Adidas AG (ADDYY) Presents At Deutsche Bank DbAccess 2018 Annual Global Consu.. 
05/31Foot Locker Long Thesis, In A Nutshell 
Financials (€)
Sales 2018 22 254 M
EBIT 2018 2 361 M
Net income 2018 1 658 M
Finance 2018 589 M
Yield 2018 1,50%
P/E ratio 2018 25,14
P/E ratio 2019 21,71
EV / Sales 2018 1,92x
EV / Sales 2019 1,76x
Capitalization 43 308 M
Chart ADIDAS
Duration : Period :
adidas Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ADIDAS
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 38
Average target price 219 €
Spread / Average Target 5,8%
EPS Revisions
Managers
NameTitle
Kasper Bo Rørsted Chief Executive Officer
Igor Landau Chairman-Supervisory Board
Harm Ohlmeyer Chief Financial Officer
Willi Schwerdtle Deputy Chairman-Supervisory Board
Wolfgang Jäger Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
ADIDAS23.84%49 531
ADIDAS AG (ADR)--.--%49 531
ANTA SPORTS PRODUCTS LTD11.38%13 573
PUMA AG RUDOLF DASSLER SPORT24.24%7 780
YUE YUEN INDUSTRIAL (HOLDINGS) LTD-34.96%4 166
DECKERS OUTDOOR CORP47.79%3 595