adidas (ADS) AGM 2026 summary

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.