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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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09/10ADIDAS : Goldman Sachs reaffirms its Buy rating
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Adidas : launches new share buyback as demand booms

06/29/2021 | 09:07am EDT
 Adidas' 70th anniversary in Herzogenaurach

BERLIN (Reuters) - Adidas will launch a new share buyback programme starting July 1 worth up to 550 million euros ($653.62 million), the German sportswear company said on Tuesday.

The move is part of plans announced by Adidas earlier this year to return up to 9 billion euros to its shareholders in the next five years, through dividend payouts of between 30% and 50% of net income from continuing operations, along with share buybacks.

Adidas last month raised its 2021 sales forecast as it expects a resumption of big sporting events to drive demand.

Shares in Adidas were up 2.5% after the news.

($1 = 0.8415 euros)

(Reporting by Emma Thomasson; Editing by Madeline Chambers)


© Reuters 2021
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Analyst Recommendations on ADIDAS AG
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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%
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Technical analysis trends ADIDAS AG
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Income Statement Evolution
Consensus
Sell
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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%
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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