Sportswear makers rise on positive Adidas Q4 results

VF

21/01/2025 18:10

** Sportswear makers' shares rise after Adidas  ADSGn.DE 
posts positive Q4 results
    ** Adidas posts Q4 revenue increase of 24% from a year ago
to 6 million euros ($6.25 million) and gross margin increase of
5.2 percentage points to 49.8%
    ** "We clearly see that consumers’ and retailers’ interest
in our products is growing across both Lifestyle and
Performance" - Adidas CEO Bjorn Gulden
    ** Shares of Nike  NKE.N  up 2.60%, On Holdings  ONON.N  up
3.5%, Under Armour  UAA.N  up 4%, Deckers  DECK.N  up 1.12% and
VF Corp  VFC.N  up 4.75% 
    ** In 2024, Adidas, VF Corp and On Holdings rose 28.6%,
14.15% and 103% respectively, while Nike and Under Armour fell
30.3% and 5.8% respectively


($1 = 0.9593 euros)

 (Reporting by Aamir Sohail in Bengaluru)
 ((Aamir.Sohail@thomsonreuters.com;))