United States

adidas AG (ADSGn.DE)

ADSGn.DE on Xetra

11:35am EDT
Change (% chg)

€3.55 (+2.53%)
Prev Close
Day's High
Day's Low
Avg. Vol
52-wk High
52-wk Low

Latest Key Developments (Source: Significant Developments)

Adidas group completes divestiture of Mitchell & Ness
Friday, 1 Jul 2016 05:13am EDT 

Adidas says :Completes divestiture of Mitchell & Ness.  Full Article

Nike said to agree to $87 million apparel deal with Chelsea- Bloomberg
Tuesday, 17 May 2016 08:35pm EDT 

: Nike said to agree to $87 million apparel deal with Chelsea- Bloomberg, citing sources . Nike will pay as much as 60 mln pounds ($87 mln) per season over at least 10 years to outfit Chelsea starting in 2017-Bloomberg, citing sources Source (http://bloom.bg/1Tmwjo7) (Bengaluru Newsroom) (((+91 80 6749-1130; within U.S. +1 646 223 8780);)).  Full Article

Adidas to divest of parts of the company's golf division
Wednesday, 4 May 2016 01:19am EDT 

Adidas AG:Decided to enter into concrete negotiations with interested parties aimed at a divestiture of parts of the company's golf division.  Full Article

Adidas AG raises FY 2016 guidance
Wednesday, 27 Apr 2016 01:46am EDT 

Adidas AG:Now projects currency-neutral sales to grow at a rate of around 15 pct in 2016.Net income from continuing operations is now forecasted to grow at a faster rate than top line and increase between 15 pct and 18 pct in 2016.  Full Article

Adidas AG specifies FY 2016 outlook, to propose FY 2015 dividend
Thursday, 3 Mar 2016 01:30am EST 

Adidas AG:Expects currency-neutral sales to rise by 10-12 pct in 2016.Expects 2016 operating margin to remain at least stable vs 2015.Expects 2016 net income from continuing ops excluding impairment up 10-12 pct.To propose dividend of 1.60 euros for FY 2015.FY 2016 revenue 18,130 million euros - Thomson Reuters I/B/E/S.FY 2016 operating margin 9.1 pct - Thomson Reuters I/B/E/S.FY 2016 net income 803.95 million euros - Thomson Reuters I/B/E/S.  Full Article

Adidas raises FY 2016 revenue guidance
Wednesday, 10 Feb 2016 07:00pm EST 

Adidas AG:Increases revenue guidance for FY 2016 and now expects currency-neutral Group sales to grow at a double-digit rate.Expects to generate enough operating leverage to grow its operating profit at a double-digit rate as well and, as a result, keep the FY 2016 operating margin at least stable compared to the FY 2015 level.  Full Article

Adidas says Kasper Rorsted to succeed Herbert Hainer as CEO
Monday, 18 Jan 2016 05:46am EST 

Adidas AG:Kasper Rorsted to succeed Herbert Hainer as CEO.Rorsted was appointed as ordinary member of the Executive Board effective Aug. 1 and CEO of adidas AG effective Oct. 1.Hainer will relinquish his Executive Board mandate effective Sept. 30, prior to the expiry of his Executive Board service contract at the end of March 2017.  Full Article

Adidas comments on FY 2016 earnings outlook - Reuters
Wednesday, 9 Dec 2015 07:59am EST 

Adidas AG:Operating margin to remain at least stable in 2016 as strong brand momentum and major efficiency improvements will compensate macroeconomic headwinds​ - Reuters.Projects a significant reduction of its operating expenses as a percentage of sales in 2016, which will at least compensate the projected gross margin decline.Operating profit is forecasted to improve at a high-single-digit rate in 2016.  Full Article

Manz and Adidas sign cooperation agreement
Tuesday, 20 Oct 2015 01:34am EDT 

Manz AG:Manz AG and Adidas sign cooperation agreement.Signing of cooperation agreement for collaboration in connection with Adidas "Speedfactory" initiative.Collaboration will have relevant effects on revenue and earnings position of Manz starting in coming fiscal year.Cooperation will allow Manz to continue to diversify its own business model.  Full Article

Adidas AG - Soccer-Slush fund allegedly used to buy votes for Germany's 2006 World Cup-report - Reuters
Thursday, 15 Oct 2015 08:00pm EDT 

Adidas AG:German football was thrown into turmoil on Friday when magazine Der Spiegel said the country's football officials had used a slush fund to win votes and land the 2006 World Cup - RTRS.The magazine said the late CEO of sports maker Adidas, Robert Louis-Dreyfus, had loaned the 2006 World Cup bid committee around 6.5 mln euros ($7.4 mln) to help land the necessary support in a July 2000 vote - RTRS.Germany edged out favourites South Africa by 12 votes to 11 to secure the 2006 tournament - RTRS.Der Spiegel, which did not identify its sources for the allegations, said 2006 World Cup chief Franz Beckenbauer and his vice president Wolfgang Niersbach, the current head of Germany's football association (DFB), were aware of the loan from Louis-Dreyfus - RTRS."These are very serious allegations," a FIFA official told Reuters. "They will be reviewed as part of the independent internal investigation currently being conducted by FIFA under the direction of its legal director with the assistance of outside counsel." - RTRS.Der Spiegel said Louis-Dreyfus got his money back in 2005 via a FIFA payment disguised as funds for the football body's cultural programme during the tournament in Germany - RTRS.Sports equipment maker Adidas, a long-time DFB sponsor, said it was unaware of any such payment - RTRS.  Full Article


Adidas hikes 2016 goals for fourth time on Euro 2016 sales

FRANKFURT German sporting goods group Adidas raised its 2016 guidance for a fourth time this year after reporting a 21 percent jump in second-quarter sales, among other helped by the European soccer championships in France.