adidas AG

  • ISIN: DE000A1EWWW0
  • Land: Deutschland

Nachricht vom 27.04.2016 | 07:45

adidas Group increases 2016 financial outlook

adidas AG  / Key word(s): Quarter Results/Change in Forecast

27.04.2016 07:45

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

FOR IMMEDIATE RELEASE April 27, 2016 AD-HOC: adidas Group increases 2016 financial outlook Herzogenaurach - The adidas Group today announced preliminary results for the first quarter of 2016. Group revenues increased 22% on a currency-neutral basis and 17% in euro terms to EUR 4.8 billion. As a result of a higher gross margin as well as operating expense leverage, Group operating profit increased 35% to EUR 490 million in the first quarter of 2016 (2015: EUR 363 million excluding goodwill impairment losses). Consequently, net income from continuing operations increased 38% to EUR 350 million (2015: EUR 255 million excluding goodwill impairment losses). Basic earnings per share from continuing and discontinued operations amounted to EUR 1.75 in the quarter, reflecting a 50% increase over the prior year level (2015: EUR 1.17 excluding goodwill impairment losses). In light of the strong brand momentum, which is reflected in the better than expected first quarter performance, the Group has increased its 2016 financial outlook. Management now projects currency-neutral sales to grow at a rate of around 15% in 2016 (previously: increase by between 10% and 12%). Furthermore, the company expects to continue to generate operating leverage throughout the remainder of the year. As a result, net income from continuing operations is now forecasted to grow at a faster rate than the top line and increase between 15% and 18% in 2016 (previously: increase by between 10% and 12%). More details on the improved outlook will be given with the publication of the quarterly results on May 4. *** Contacts: Media Relations Investor Relations Jan Runau Sebastian Steffen Chief Corporate Communication Officer Vice President Investor Relations Tel.: +49 (0) 9132 84-3830 Tel.: +49 (0) 9132 84-4401 Katja Schreiber Christian Stoehr Senior Director Corporate Communication Director Investor Relations Tel.: +49 (0) 9132 84-3810 Tel.: +49 (0) 9132 84-4989 Please visit our corporate website: 27.04.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at and
Language: English Company: adidas AG Adi-Dassler-Straße 1 91074 Herzogenaurach Germany Phone: +49 9132 84 0 Fax: +49 9132 84 2241 E-mail: Internet: ISIN: DE000A1EWWW0, US00687A1079, US00687P1049 WKN: A1EWWW, A0MNCC , 909676 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart; Terminbörse EUREX End of Announcement DGAP News-Service

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