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ADS — adidas AG News Story

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Brief: Adidas Continues To See Operating Profit Increase To Around EUR 2.3 Bln

BRIEF-Adidas Continues To See Operating Profit Increase To Around EUR 2.3 Bln

- Adidas AG ADSGn.DE:

  • ADIDAS Q2 GROSS MARGIN 52.5% (NOT 0.8%)

  • ADIDAS Q2 OPERATING MARGIN 8.5%

  • ADIDAS Q2 SALES EUR 6,743 MILLION

  • ADIDAS AG - REVENUES NOW EXPECTED TO GROW BETWEEN 9% AND 10% (PREVIOUSLY: HIGH-SINGLE-DIGIT GROWTH)

  • ADIDAS AG - OPERATING PROFIT STILL EXPECTED TO INCREASE TO AROUND EUR 2.3 BILLION

  • ADIDAS AG - EUR 212 MILLION HIGHER MARKETING INVESTMENTS INTO SUCCESSFUL WORLD CUP CAMPAIGNS AND ACTIVATIONS

  • ADIDAS AG - POTENTIAL FUTURE US TARIFF REFUNDS NOT REFLECTED IN FULL-YEAR GUIDANCE

  • ADIDAS AG - ONLY RECOGNIZED A SMALL P&L BENEFIT FROM FIRST US TARIFF REFUNDS RECEIVED IN Q2

Further company coverage: [ADSGn.DE]


(Gdansk Newsroom)

((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))

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