Adidas AG (ADSGn.DE)
16 Feb 2018
Latest Key Developments (Source: Significant Developments)
: 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 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: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: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
HERZOGENAURACH, Germany German sportswear brand Puma said on Monday it expects to increase its operating profit by another third in 2018 and lift sales by 10 percent, predicting a recovery in soccer sales even after top team Italy failed to qualify for the World Cup.