DGAP-Ad-hoc: adidas AG / Key word(s): Dividend
adidas intends to resume dividend payments
22-Feb-2021 / 12:56 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Herzogenaurach, February 22, 2021
AD-HOC: adidas intends to resume dividend payments
The adidas AG Executive Board decided today to resume the company's dividend payments. Subject to the approval by the Supervisory Board, the company will propose paying a dividend of ? 3.00 per dividend-entitled share for the financial year 2020 to adidas shareholders at the Annual General Meeting (AGM) on May 12, 2021. The dividend proposal, which reflects the company's strengthened financial profile as well as Management's positive outlook for the current year, would result in a total dividend payout of ? 585 million.
The decision follows a series of financing measures, including obtaining strong investment-grade ratings, issuing bonds worth ?1.5 billion and securing a new syndicated loan of ?1.5 billion with partner banks, that adidas had successfully completed throughout the past year.
For more information, please visit adidas-group.com.
22-Feb-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Language:
English
Company:
adidas AG
Adi-Dassler-Straße 1
91074 Herzogenaurach
Germany
Phone:
+49 9132 84 0
Fax:
+49 9132 84 2241
Internet:
www.adidas-group.com
ISIN:
DE000A1EWWW0, US00687A1079, US00687P1049
WKN:
A1EWWW, A0MNCC , 909676
Indices:
DAX
Listed:
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
adidas AG is one of the world leaders in the design, manufacturing and marketing of sports equipment and articles. The group's products are sold primarily under the following brands: adidas, TaylorMade and Reebok. Net sales (before intragroup eliminations) break down by family of products as follows:
- shoes (56.7%);
- clothing (36.4%);
- sports equipment (6.9%): golf equipment (golf clubs, balls, gloves, metal clubs, etc.; No. 1 worldwide; TaylorMade and Maxfli), bags, balls, etc.
At the end of 2023, the products are marketed through a network of more than 2,000 stores worldwide.
Net sales are distributed geographically as follows: Europe-Middle East and Africa (39.4%), North America (24.4%), China (15%), Latin America (10.7%) and Asia/Pacific (10.5%).
ADIDAS AG 
