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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
EQ
09/13ADIDAS AG : Release of a capital market information
DJ
09/10ADIDAS : Goldman Sachs reaffirms its Buy rating
MD
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Adidas Launches $656 Million Buyback

06/29/2021 | 07:00am EDT

By Pietro Lombardi

Adidas AG will buy back shares worth up to 550 million euros ($656 million) through the end of the year.

The German sporting-goods company said Tuesday that, including the dividend it paid in May, the cash it expects to return to shareholders this year should exceed EUR1 billion.

"The decision to resume our share buyback activities reflects adidas' strong financial profile, our positive outlook for the current year and the successful start to our new strategy," said Chief Financial Officer Harm Ohlmeyer.

Write to Pietro Lombardi at pietro.lombardi@wsj.com; @pietrolombard10

(END) Dow Jones Newswires

06-29-21 0900ET

All news about ADIDAS AG
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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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adidas AG Technical Analysis Chart | MarketScreener
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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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