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MarketScreener Homepage  >  Equities  >  Xetra  >  Adidas AG    ADS   DE000A1EWWW0

ADIDAS AG

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Delayed Quote. Delayed Xetra - 07/10 11:35:18 am
235.6 EUR   -0.04%
07/08ADIDAS : Deutsche Bank remains Neutral
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07/07ADIDAS : JP Morgan sticks Neutral
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07/07ADIDAS : Credit Suisse reaffirms its Sell rating
MD
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Facebook, Snapchat join chorus of companies condemning George Floyd death, racism

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06/01/2020 | 06:54pm EDT
Protesters rally against the death in Minneapolis police custody of Floyd, in New York City

Facebook Inc and Snapchat developer Snap Inc became the latest U.S. companies condemning racial inequality in the United States as violent protests flared up across major cities over the death of George Floyd, an unarmed black man who died while in police custody in Minneapolis last week.

The two tech companies followed Intel Corp, Netflix Inc, Alphabet's Google, International Business Machines Corp and Nike Inc in taking a public stance against Floyd's death - calling out discrimination against African-Americans.

But tech companies such as Facebook and Google for years have struggled to quell concerns about discrimination against African-Americans in their own workplaces, and black engineers remain underrepresented in their workforces relative to the U.S. population.

The challenges are not expected to ease as the novel coronavirus pandemic forces the companies to slow hiring and work remotely for months to come.

Facebook employees on Monday urged Chief Executive Mark Zuckerberg to take stronger action against an inflammatory post last week by U.S. President Donald Trump about the Minneapolis protests.

But Zuckerberg already said in a Friday post that Facebook would not take action on the post. He said Facebook will commit $10 million to organizations working on racial justice.

Floyd's death has renewed outrage across the U.S. on the treatment of African-Americans by authorities, polarizing the country politically and racially.

"We cannot end systemic racism without simultaneously creating opportunity for all people, regardless of their background," Snap Chief Executive Officer Evan Spiegel told employees in an email criticizing racism and calling for increased taxes "to create a society that benefits all of us."

Twitter, which last week was at the center of a fight with Trump over its actions on his tweets, including a warning over one about the protests, added the hashtag #BlackLivesMatter to its account bio on the site. The U.S. Google and YouTube homepages bore a notice saying they stood in support of racial equality.

On Friday, Nike flipped its iconic slogan to raise awareness about racism.

"For Once, Don't Do It. Don't pretend there's not a problem in America. Don't turn your back on racism," the company said in a video that has over six million views on Twitter and was shared by celebrities and rival Adidas AG.

(Reporting by Neha Malara and Munsif Vengattil in Bengaluru; Additional reporting by Elizabeth Culliford, Paresh Dave and Uday Sampath; Editing by Sweta Singh, Bernard Orr and Nick Zieminski)

Stocks mentioned in the article
ChangeLast1st jan.
ADIDAS AG -0.04% 235.6 Delayed Quote.-18.70%
ALPHABET INC. 1.34% 1539.01 Delayed Quote.14.90%
CHORUS LIMITED -8.06% 7.07 End-of-day quote.14.40%
FACEBOOK 0.23% 245.07 Delayed Quote.19.40%
INTEL CORPORATION 1.90% 59.53 Delayed Quote.-0.53%
INTERNATIONAL BUSINESS MACHINES CORPORATION 2.28% 118.35 Delayed Quote.-11.71%
LINE CORPORATION -0.54% 5500 End-of-day quote.2.80%
NETFLIX, INC. 8.07% 548.73 Delayed Quote.69.59%
NIKE, INC. 1.03% 97.99 Delayed Quote.-3.28%
SNAP INC. -1.58% 25.53 Delayed Quote.56.34%
THE NEW HOME COMPANY INC. 2.16% 3.31 Delayed Quote.-28.97%
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Latest news on ADIDAS AG
07/08ADIDAS : Deutsche Bank remains Neutral
MD
07/07ADIDAS : JP Morgan sticks Neutral
MD
07/07ADIDAS : Credit Suisse reaffirms its Sell rating
MD
07/06Patchy demand at stores spells more pain for garment suppliers
RE
07/03ADIDAS : Jefferies sticks Neutral
MD
07/02More companies join Facebook ad boycott bandwagon
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07/02ADIDAS : Gets a Buy rating from Goldman Sachs
MD
07/01More companies join Facebook ad boycott bandwagon
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07/01NEWS HIGHLIGHTS : Top Company News of the Day
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07/01NEWS HIGHLIGHTS : Top Company News of the Day
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Financials
Sales 2020 19 937 M 22 578 M 22 578 M
Net income 2020 629 M 712 M 712 M
Net Debt 2020 229 M 259 M 259 M
P/E ratio 2020 71,1x
Yield 2020 0,94%
Capitalization 45 946 M 51 981 M 52 033 M
EV / Sales 2019
EV / Sales 2020 2,32x
Nbr of Employees 53 218
Free-Float 89,7%
Chart ADIDAS AG
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Technical analysis trends ADIDAS AG
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 39
Average target price 239,02 €
Last Close Price 235,60 €
Spread / Highest target 25,1%
Spread / Average Target 1,45%
Spread / Lowest Target -27,8%
EPS Revisions
Managers
NameTitle
Kasper Bo Rørsted Chief Executive Officer
Igor Landau Chairman-Supervisory Board
Martin Shankland Head-Global Operations
Harm Ohlmeyer Chief Financial Officer
Herbert Kauffmann Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
ADIDAS AG-18.70%51 981
NIKE, INC.-3.28%152 378
ANTA SPORTS PRODUCTS LIMITED6.52%25 909
PUMA SE-0.95%11 455
DECKERS OUTDOOR CORPORATION16.10%5 489
SKECHERS U.S.A., INC.-33.06%4 560