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adidas AG (ADSGn.DE)

ADSGn.DE on Xetra

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Latest Key Developments (Source: Significant Developments)

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 AG - Cambodia ups minimum wage for textiles but short of demands - Reuters
Wednesday, 7 Oct 2015 08:00pm EDT 

adidas AG:Cambodia agreed on Thursday to raise the monthly minimum wage for its crucial textiles sector to $140 from next year, short of demands by trade unions long at odds with the government over pay - Reuters.The decision was made in a vote by representatives of the government, factories and unions, with the majority supporting an increase to $135 a month from $128. The government then raised that to $140 - Reuters.Pay for the 600,000 people who work in mostly Asian-owned factories, churning out clothes and shoes for the likes of Gap, Nike, Adidas, H&M and Inditex has been a thorny issue in impoverished Cambodia - Reuters.Major unions had been seeking a minimum wage of $160 a month, having scaled down an initial demand from $177, and threatened strikes. It was unclear if they would follow through - Reuters."This figure is reasonable and acceptable. Even it's not acceptable to all, we have no choice," Labour Minister Ith Sam Heng told reporters - Reuters.  Full Article

Adidas AG reaffirms FY 2015 outlook
Wednesday, 5 Aug 2015 08:00pm EDT 

Adidas AG:Confirms guidance for full FY 2015.Group sales are still forecasted to increase at mid-single-digit rate on currency-neutral basis in FY 2015.  Full Article

Adidas AG acquires all outstanding shares of runtastic GmbH
Wednesday, 5 Aug 2015 12:00pm EDT 

Adidas AG:Has acquired all outstanding shares of runtastic GmbH.Transaction values Runtastic at an enterprise value of 220 million euros.With 50.1 pct ownership, Axel Springer SE through its subsidiary Axel Springer Digital Ventures GmbH was the major shareholder of runtastic GmbH.  Full Article

Adidas AG completes divestiture of Rockport
Monday, 3 Aug 2015 02:30am EDT 

Adidas AG:Says completes divestiture of Rockport to a new entity formed by Berkshire Partners LLC and New Balance Holding Inc.  Full Article

Adidas AG confirms FY 2015 outlook
Monday, 4 May 2015 08:00pm EDT 

Adidas AG:Confirms guidance for full FY 2015.Group sales are forecasted to increase at mid-single-digit rate on a currency-neutral basis in FY 2015.  Full Article

Adidas extends outfitting deal with Bayern Munich
Wednesday, 29 Apr 2015 07:07am EDT 

Adidas AG:Says to extend outfitting deal with Bayern Munich until 2030.Spokeswoman says won't comment on deal value.  Full Article

Vulcabras Azaleia SA and adidas AG will not renew joint venture deals
Friday, 20 Mar 2015 04:36pm EDT 

Vulcabras Azaleia SA:Says that the company and adidas AG, the owner of Reebok brand, decided not to renew joint venture deals in Brazil and Argentina as of Jan. 1, 2016.Businesses existing between parties will remain unchanged until Dec. 31.  Full Article

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Asics to take over from Adidas as IAAF sponsor

MONACO Japanese sportswear giant Asics Corp will take over from Adidas as the official sponsor of the International Association of Athletics Federations (IAAF), a source with knowledge of the deal told Reuters on Friday.The IAAF is expected to announce the deal on Saturday. Adidas, who had signed an 11-year sponsorship deal with the IAAF that was set to run until 2019, said on Friday it was ending the deal three years early.