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ADIDAS AG

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Delayed Quote. Delayed Xetra - 09/17 11:37:03 am
282.35 EUR   -1.07%
09/13ADIDAS AG : Release of a capital market information
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09/13ADIDAS AG : Release of a capital market information
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AD-HOC: adidas launches new share buyback program

07/01/2021 | 10:55am EDT
adidas launches new share buyback program

Through its new strategy 'Own the Game' adidas expects to drive significant top-line growth and strong bottom-line expansion until 2025. As a result, the company will generate substantial cumulative free cash flow over the next five years. adidas plans to share the majority of this - between € 8 billion and € 9 billion - with its shareholders through regular dividend pay-outs in a range of between 30% and 50% of net income from continuing operations, complemented with share buybacks.

Against this background and with the approval of the Supervisory Board, the Executive Board of
adidas AG has decided today to launch a new share buyback program in the second half of 2021.
Starting on July 1, 2021, the company plans to buy back shares worth up to € 550 million until the end of the year. Taking into consideration the dividend payment of € 585 million which was made in May, the total amount of cash which the company will return to its shareholders in 2021 is expected to exceed € 1 billion.

While the company may use the repurchased shares for all purposes in accordance with the authorization granted by the Annual General Meeting in May 2021, the company intends to cancel most of the repurchased shares, which would reduce the number of shares and the share capital accordingly.

AD-HOC: adidas launches new share buyback program
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adidas AG published this content on 29 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 July 2021 14:52:17 UTC.


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Sales 2021 21 790 M 25 549 M 25 549 M
Net income 2021 1 537 M 1 802 M 1 802 M
Net cash 2021 138 M 162 M 162 M
P/E ratio 2021 36,3x
Yield 2021 1,16%
Capitalization 54 776 M 64 298 M 64 224 M
EV / Sales 2021 2,51x
EV / Sales 2022 2,26x
Nbr of Employees 58 007
Free-Float 86,9%
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Technical analysis trends ADIDAS AG
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 32
Last Close Price 282,35 €
Average target price 337,11 €
Spread / Average Target 19,4%
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Managers and Directors
Kasper Bo Rørsted Chief Executive Officer
Harm Ohlmeyer Chief Financial Officer & Labor Director
Thomas Hermann Rabe Chairman-Supervisory Board
Martin Shankland Head-Global Operations
Roland Nosko Member-Supervisory Board
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