Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Germany
  4. Xetra
  5. Adidas AG
  6. News
  7. Summary
    ADS   DE000A1EWWW0

ADIDAS AG

(ADS)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

European stocks end at record high on strong German data, earnings

05/07/2021 | 12:08pm EDT
The German share price index DAX graph is pictured at the stock exchange in Frankfurt

(Reuters) - European stocks closed at a record high on Friday, marking strong weekly gains as positive economic data and upbeat earnings underpinned hopes of a swift economic recovery from the COVID-19 pandemic.

The pan-European STOXX 600 index rose 0.9%% to a record high of 444.93 points. It added 1.7% this week- its best performance since mid-March.

Global stocks rallied to record highs as investors scaled back expectations of policy tapering by the U.S. Federal Reserve, after data showed the U.S. labour market had a long road to recovery from the pandemic. [MKTS/GLOB]

European technology stocks were the best performers for the day, rising 2.2% as they recovered from a rout seen earlier in the week. The sector ended the week largely unchanged.

Basic resource stocks were the best weekly performers, adding 7.2% for the week and ending at over a decade-high as optimism over recovering global demand pushed up base metal and iron ore prices.

The German DAX rose 1.3%, inching closer to its lifetime high, while France's CAC 40 ended at its highest level since November 2000 and UK's FTSE 100 breached the 7,100 mark for the first time since February 2020.

Data showed German companies increased their exports for the eleventh month in a row in March, with growth coming in at 1.2%, twice the rate economists had forecast.

A swathe of positive earnings and data has helped European stocks rally to record highs this year, amid growing optimism over COVID-19 vaccine programs spurring a return to normalcy.

"It's going to be an exceptionally strong couple of quarters going forward, and that makes it very unlikely that the market will suffer in a big way over the next six months," said Andrea Cicione, head of strategy at TS Lombard.

The moment growth starts to slow down, probably at the same time the Fed starts taking some liquidity away, markets will be more vulnerable, Cicione said.

On the earnings front, German sportswear company Adidas surged 8.4% after it raised its 2021 sales outlook.

Jewellery maker Pandora gained 3.0% after reporting 214% sales growth in April.

UK's Meggitt jumped 8.3% after a media report of takeover, while French mall owner Klepierre edged lower on trimming its 2021 cashflow forecast.

Spanish energy and infrastructure group Acciona rose 2.3% after it said it expects to list a stake in its energy business in the first half of this year.

(Reporting by Sruthi Shankar in Bengaluru; Editing by Anil D'Silva and Frances Kerry)

By Sruthi Shankar and Ambar Warrick


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ADIDAS AG -1.63% 287.1 Delayed Quote.-3.63%
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) -1.01% 0.74808 Delayed Quote.-1.78%
BRITISH POUND / US DOLLAR (GBP/USD) -0.96% 1.38032 Delayed Quote.1.93%
CAC 40 -1.46% 6569.16 Real-time Quote.18.33%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) 0.00% 0.8015 Delayed Quote.3.16%
DAX -1.78% 15448.04 Delayed Quote.12.61%
EURO / US DOLLAR (EUR/USD) -0.45% 1.18592 Delayed Quote.-2.47%
FTSE 100 -1.90% 7017.47 Delayed Quote.8.62%
INDIAN RUPEE / US DOLLAR (INR/USD) 0.00% 0.013488 Delayed Quote.-1.50%
MEGGITT PLC -2.05% 483.2 Delayed Quote.4.07%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) -1.16% 0.6933 Delayed Quote.-2.33%
STOXX EUROPE 600 NR -1.58% 1010.56 Delayed Quote.14.89%
All news about ADIDAS AG
06/14NIKEá : Could Feel Sting of China Consumer Boycott in Q4 Results, FY22 Guidance,..
MT
06/11ADIDASá : Baader Bank reiterates its Buy rating
MD
06/11ADIDASá : Spinnova Applies to List on Helsinki Bourse
MT
06/10ADIDASá : invests in Finnish sustainable fibre firm Spinnova
RE
06/10ADIDASá : Plans Anchor Investment in Finnish Textile Company Spinnova's Planned ..
MT
06/10Adidas to Invest $3.7 Million in Spinnova IPO
DJ
06/10ADIDASá : Gets a Buy rating from Jefferies
MD
06/02BERNARD TAPIE : French prosecutor seeks jail for Orange CEO in appeals trial ove..
RE
06/02PRESS RELEASE : GK Software establishes alliance with IBM to accelerate retail i..
DJ
05/27Nike Split With Neymar Amid Sexual-Assault Probe
DJ
More news
Financials
Sales 2021 21 657 M 25 683 M 25 683 M
Net income 2021 1 481 M 1 756 M 1 756 M
Net cash 2021 643 M 763 M 763 M
P/E ratio 2021 38,0x
Yield 2021 1,13%
Capitalization 55 994 M 66 383 M 66 404 M
EV / Sales 2021 2,56x
EV / Sales 2022 2,32x
Nbr of Employees 54 722
Free-Float 86,9%
Chart ADIDAS AG
Duration : Period :
adidas AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ADIDAS AG
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 37
Average target price 312,57 €
Last Close Price 287,10 €
Spread / Highest target 26,4%
Spread / Average Target 8,87%
Spread / Lowest Target -31,4%
EPS Revisions
Managers and Directors
NameTitle
Kasper Bo R°rsted Chief Executive Officer
Harm Ohlmeyer Chief Financial Officer & Labor Director
Thomas Hermann Rabe Chairman-Supervisory Board
Martin Shankland Head-Global Operations
Herbert Kauffmann Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
ADIDAS AG-3.63%66 383
NIKE, INC.-9.23%202 884
FENG TAY ENTERPRISES CO., LTD.15.79%7 321
KINGNET NETWORK CO., LTD.-0.21%1 563
361 DEGREES INTERNATIONAL LIMITED281.48%1 097
HWASEUNG ENTERPRISE CO., LTD.21.13%917