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Last €34.04 EUR
Change Today +1.54 / 4.75%
Volume 102.0
ADS1 On Other Exchanges
Symbol
Exchange
OTC US
OTC US
Stuttgart
Mexico
As of 11:05 AM 08/27/15 All times are local (Market data is delayed by at least 15 minutes).

adidas ag-sponsored adr (ADS1) Snapshot

Open
€32.61
Previous Close
€32.49
Day High
€34.04
Day Low
€32.61
52 Week High
05/5/15 - €38.97
52 Week Low
10/16/14 - €26.16
Market Cap
14.2B
Average Volume 10 Days
91.0
EPS TTM
--
Shares Outstanding
418.4M
EX-Date
05/5/15
P/E TM
--
Dividend
€0.85
Dividend Yield
2.22%
Current Stock Chart for ADIDAS AG-SPONSORED ADR (ADS1)

Related News

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adidas ag-sponsored adr (ADS1) Details

adidas AG, together with its subsidiaries, designs, develops, produces, and markets athletic and sports lifestyle products worldwide. It operates through six segments: Wholesale, Retail, TaylorMade-adidas Golf, Rockport, Reebok-CCM Hockey, and Other Centrally Managed Brands. The Wholesale segment is involved in various business activities related to the distribution of adidas and Reebok products to retail customers. The Retail segment engages in business activities related to the sale of adidas and Reebok products directly to end consumers through its retail and e-commerce platforms. It offers footwear; apparel; and hardware, such as bags and balls under the adidas and Reebok brands. As of December 31, 2014, this segment operated 2,913 stores, including 1,616 stores under the adidas brand; 446 stores under the Reebok brand; and 851 factory outlets. The TaylorMade-adidas Golf segment offers four brands comprising TaylorMade, which designs, develops, and distributes primarily golf clubs, balls, and accessories; adidas Golf that offers footwear, apparel, and accessories; Adams Golf, which designs and distributes golf clubs and a range of accessories; and Ashworth that designs and distributes men’s and women’s golf-inspired apparel and footwear. The Rockport segment designs and distributes leather footwear for men and women. The Reebok-CCM Hockey segment designs, produces, and distributes ice hockey equipment, such as sticks, skates, and protection gear; and apparel primarily under the Reebok Hockey and CCM brands. The Other Centrally Managed Brands segment includes the business activities of the label Y-3, Porsche Design Sport, and Five Ten brands; and the retail activities of the adidas NEO label. The company was formerly known as adidas-Salomon AG and changed its name to adidas AG in June 2006. adidas AG was founded in 1920 and is headquartered in Herzogenaurach, Germany.

54,335 Employees
Last Reported Date: 08/8/15
Founded in 1920

adidas ag-sponsored adr (ADS1) Top Compensated Officers

Chairman of Executive Board and Chief Executi...
Total Annual Compensation: €2.8M
Chief Financial Officer and Member of Executi...
Total Annual Compensation: €1.0M
Head of Global Operations and Member of Execu...
Total Annual Compensation: €916.3K
Head of Global Brands and Member of Executive...
Total Annual Compensation: €743.3K
Head of Global Sales and Member of Executive ...
Total Annual Compensation: €950.0K
Compensation as of Fiscal Year 2014.

adidas ag-sponsored adr (ADS1) Key Developments

Adidas Announces Earnings Results for the Second Quarter and First Half Ended June 30, 2015; Provides Earnings Guidance for 2015

Adidas announced earnings results for the second quarter and first half ended June 30, 2015. Group revenues grew 5% on a currency-neutral basis, driven by continued sales momentum at both adidas and Reebok. In euro terms, Group revenues grew 15% during the second quarter to EUR 3.907 billion in 2015 from EUR 3.400 billion in the prior year. Group operating profit increased 8% to EUR 234 million against EUR 217 million, representing an operating margin of 6.0%, down 0.4 percentage points from the prior year level. This development was primarily due to the decline in gross margin, which more than offset the positive effect from lower other operating expenses as a percentage of sales. Net income from continuing operations increased 2% to EUR 146 million from EUR 144 million in 2014. Net income attributable to shareholders, which in addition to net income from continuing operations includes net income from discontinued operations, increased 1% to EUR 146 million from EUR 144 million in 2014. The company ended the quarter with net borrowings of EUR 957 million compared to net borrowings of EUR 454 million a year ago, an increase, obviously, of EUR 503 million in year-over-year. Net income attributable to the shareholders was EUR 0.73 per share compared to EUR 0.69 per share for the same quarter of 2014. For the first half, the company reported group currency-neutral sales increase 7%. Group revenues grew 16% to EUR 7.990 billion from EUR 6.880 billion in 2014. Currency-neutral adidas revenues grew 10%. This development was driven by double-digit sales increases at adidas Originals and adidas NEO as well as high-single-digit growth in the training and running categories. Group operating profit increased 10% to EUR 578 million in the first half of 2015 versus EUR 524 million in 2014. Net income from continuing operations excluding goodwill impairment increases 14% the group's net income from continuing operations increased 9% to EUR 383 million in the first half of 2015 from EUR 352 million in 2014. The group's net income attributable to shareholders, which in addition to net income from continuing operations includes the losses from discontinued operations, grew 5% to EUR 367 million in the first half of 2015 from EUR 348 million in 2014. Basic and diluted EPS from continuing operations increased 12% to EUR 1.87 in the first half of 2015 against EUR 1.67 in 2014. Basic and diluted EPS from continuing operations excluding goodwill impairment increased 17% to EUR 1.96 from EUR 1.67 in 2014. For 2015, the adidas group gross margin is forecasted to be at a level between 47.5% and 48.5%. In 2015, the group's other operating expenses as a percentage of sales are expected to be around the prior year level of 42.7%. The operating margin excluding goodwill impairment for the adidas group is forecasted to be at a level between 6.5% and 7.0%. This development will be strongly influenced by currency movements. The group's tax rate is expected to be at a level of around 30.0% in 2015 and thus above the prior year level of 29.7%. Net income from continuing operations excluding goodwill impairment is projected to increase at a rate of 7% to 10%, thus outpacing the Group's expected top-line development (2014: net income from continuing operations excluding goodwill impairment losses of EUR 642 million).

Adidas Eyes Sale Of Golf Brands

Adidas AG (DB:ADS) is considering the sale of its golf brands which are struggling due to deteriorating golf sales and has appointed Guggenheim Partners to help with the sale. Herbert Hainer, Chief Executive of Adidas, said that Adidas was initially looking into the possible sale of its smaller golf brands Adams and Ashworth, although it was considering all options for the main TaylorMade label for which it also announced a turnaround plan.

Adidas AG, H1 2015 Earnings Call, Aug 06, 2015

Adidas AG, H1 2015 Earnings Call, Aug 06, 2015

 

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Industry Analysis

ADS1

Industry Average

Valuation ADS1 Industry Range
Price/Earnings 23.1x
Price/Sales 0.9x
Price/Book 2.4x
Price/Cash Flow 27.2x
TEV/Sales 0.7x
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