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adidas (ADS) investor relations material
adidas AGM 2026 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Opening remarks and agenda
Emphasis on pride in recent athletic achievements and brand visibility, setting a positive tone for the meeting.
Recognition of the company's improved business performance and commitment to further increasing share price.
Financial performance review
Achieved 13% currency-neutral growth, with 10% growth excluding Yeezy, and strong double-digit growth across all regions.
Gross margin reached a record 51.6%, with operating profit at EUR 2.056 billion, up 54%.
Dividend per share proposed to increase from EUR 2.00 to EUR 2.80, with a EUR 1 billion share buyback planned for 2026.
Inventory and working capital managed to support major events like the World Cup, with stable ratings from S&P and Moody's.
Board and executive committee updates
Transition in supervisory board leadership, with Nassef Sawiris designated as the new chairman.
Acknowledgment of outgoing chairman's contributions during challenging periods, including COVID and geopolitical events.
Executive board highlighted the importance of people, diversity, and local empowerment.
- Q1 2026 delivered 14% revenue growth and higher profits, driven by strong D2C and apparel.ADS
Q1 202629 Apr 2026 - Record sales and profit growth in 2025, with strong outlook despite FX and tariff headwinds.ADS
Q4 20254 Mar 2026 - Q2 saw double-digit sales growth, higher margins, and upgraded full-year guidance to EUR 1 billion EBIT.ADS
Q2 20242 Feb 2026 - Q3 2024 delivered double-digit sales growth, record margin, and a raised profit outlook.ADS
Q3 202418 Jan 2026 - Double-digit sales and profit growth in 2024, with a strong outlook for 2025.ADS
Q4 202411 Dec 2025 - Q1 2025 delivered double-digit growth and higher profit, with guidance steady despite tariff risks.ADS
Q1 202529 Nov 2025 - Double-digit H1 growth, €12.1bn sales, and robust outlook despite €200m tariff headwind.ADS
Q2 20256 Nov 2025 - Record Q3 results, margin expansion, and raised 2025 outlook despite tariff and FX headwinds.ADS
Q3 202530 Oct 2025 - adidas raised 2024 guidance after strong Q3 growth and margin expansion.ADS
Q3 2024 TU13 Jun 2025
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