adidas AG (ADSGn.DE)
Latest Key Developments (Source: Significant Developments)
Adidas AG:Resolved to issue two eurobonds of up to 1 billion euros in total.Bonds will have a 7-year and a 12-year term, respectively.Will use proceeds from the offering for repayment of debt, pre-funding of future debt maturities, pension funding, returns to shareholders. Full Article
adidas AG:Says sales are expected to increase at mid- to high-single-digit rate on currency-neutral basis in FY 2014.Says FY 2014 group gross margin is forecasted to decrease to level between 48.5 pct and 49.0 pct.Says in FY 2014, management expects operating margin for to be at level between 6.5 pct and 7.0 pct.Says net income attributable to shareholders is expected to be at level of around 650 million euros for FY 2014.FY 2013 revenue of 14.492 billion euros.FY 2014 revenue estimate 14.614 billion euros - Thomson Reuters I/B/E/S.FY 2014 net income estimate 653.53 million euros - Thomson Reuters I/B/E/S. Full Article
Adidas AG on Monday escalated its legal battle against Skechers USA Inc over athletic sneaker designs, filing a lawsuit accusing Skechers of stealing its "Springblade" concept for its similar "Mega Flex" shoe.