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    ADS   DE000A1EWWW0

ADIDAS AG

(ADS)
  Report
Delayed Quote. Delayed Xetra - 09/17 11:37:03 am
282.35 EUR   -1.07%
09/13ADIDAS AG : Release of a capital market information
EQ
09/13ADIDAS AG : Release of a capital market information
DJ
09/10ADIDAS : Goldman Sachs reaffirms its Buy rating
MD
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Adidas AG commences an Equity Buyback Plan for 20,041,619 shares, representing 10% of its issued share capital, under the authorization approved on May 12, 2021.

07/05/2021 | 10:45am EDT

adidas AG (XTRA:ADS) commences share repurchases on July 1, 2021, under the program mandated by the shareholders in the Annual General Meeting held on May 12, 2021. As per the mandate, the company is authorized to repurchase up to 20,041,619 shares, representing 10% of its share capital. In the event of the repurchase being carried out via the stock exchange, the consideration per share paid by the company (excluding incidental purchasing costs) may not be more than 10% higher or lower than the average stock market price for the company’s shares as established in the opening auction of the electronic trading system on the Frankfurt Stock Exchange on the day of entering into the repurchase obligation. In the event of a public invitation to submit sale offers, the consideration per share paid by the company (excluding incidental purchasing costs) may not be more than 10% higher or less than 20% lower than the non-weighted average closing price for the company’s shares in the electronic trading system on the Frankfurt Stock Exchange on the last three trading days prior to the acceptance of the sale offers. In the event of a public sales offer or a purchase by granting tender rights, the consideration per share paid by the company (excluding incidental purchasing costs) may not be more than 10% higher or less than 20% lower than the non-weighted average closing price for the company’s shares in the electronic trading system on the Frankfurt Stock Exchange on the last five trading days prior to the day of Executive Board‘s final decision on offering or granting tender rights. The repurchased shares may either be redeemed and cancelled or resold through a public offer made to all shareholders, used to service subscription or conversion rights or obligations or the right to delivery of shares based on bonds issued by the company or its subordinated companies. The company may also use the repurchased shares as consideration in connection with mergers, (also the indirect) acquisition of companies and the acquisition or transfer of intellectual property rights or intangible property rights. The authorization will be valid till May 11, 2026. As of March 2021, the company had 200,416,186 registered no-par-value shares outstanding and held 5,350,126 shares in treasury. On June 29, 2021, the company initiated a Market Repurchase. Under the program, the company will repurchase up to €550 million worth of its shares. The repurchased shares will be cancelled. The program will commence from July 1, 2021 will run until the end of the year 2021.


© S&P Capital IQ 2021
All news about ADIDAS AG
09/13ADIDAS AG : Release of a capital market information
EQ
09/13ADIDAS AG : Release of a capital market information
DJ
09/10ADIDAS : Goldman Sachs reaffirms its Buy rating
MD
09/08ADIDAS : Oddo gives a Buy rating
MD
09/06ADIDAS AG : Release of a capital market information
DJ
09/06ADIDAS : Berenberg maintains a Buy rating
MD
09/02JD Sports may still have to sell Footasylum, says UK regulator
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08/31Footwear startup Allbirds touts ESG focus as it files for IPO
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08/30DGAP-CMS : adidas AG: Release of a capital market information
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08/27Affirm soars on buy now, pay later pact with Amazon
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Analyst Recommendations on ADIDAS AG
More recommendations
Financials
Sales 2021 21 790 M 25 551 M 25 551 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 64 230 M
EV / Sales 2021 2,51x
EV / Sales 2022 2,26x
Nbr of Employees 58 007
Free-Float 86,9%
Chart ADIDAS AG
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Technical analysis trends ADIDAS AG
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 32
Last Close Price 282,35 €
Average target price 337,11 €
Spread / Average Target 19,4%
EPS Revisions
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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