Adidas tops DAX on 'solid' Q1 operating profit beat

adidas AG

29/04/2026 09:31

Updates share move, adds analyst comments

       ** Adidas ADSGn.DE is on track for its best day since December 2024, rising 7% after reporting better-than-expected first quarter operating profit (EBIT)

      ** The German sportswear maker said Q1 EBIT rose to 705 million euros ($824.71 million), above the 647 million euros projected by analysts in a company-compiled poll

      ** Adidas also posted a 14% currency-neutral increase in net sales to 6.6 billion euros

      ** "A solid beat," says JP Morgan

      ** "Thanks to strong growth, operating leverage more than offset higher-than-expected gross margin headwinds," the broker adds

      ** "Today's update (...) could help shift the investor debate a little more constructively despite sceptics presumably attributing part of the strong Q1 delivery to a temporary World Cup sell-in benefit," says Jefferies

     ** The stock sits at the top of Germany blue chip index .GDAXI

($1 = 0.8548 euros)

 (Reporting by Danny Callaghan)

 ((danny.callaghan@thomsonreuters.com))