adidas AG
ADS
ISIN DE000A1EWWW0 / Valor 11730015
adidas AG
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About company
Adidas AG is a German multinational sporting goods company based in Herzogenaurach that designs, develops and markets athletic and casual footwear, apparel, and accessories. The company sells products under the adidas brand through a mix of wholesale partners, directly operated retail stores and e-commerce, and supplements product sales with licensing and partnerships; manufacturing is largely outsourced to third‑party suppliers in Asia. Its business spans broad sports and lifestyle categories and is supported by commercial arrangements with teams, athletes and events to drive product demand and brand visibility across EMEA, the Americas and Asia. Adidas is publicly traded on the Frankfurt Stock Exchange and operates in a competitive global market alongside other major sportswear firms.
Summarized from source with an LLMView SourceSector: Consumer CyclicalsLatest Results (03.06.2026):
adidas AG — reporting its full-year 2025 results (financial year ended December 31, 2025). The company recorded net sales of €24,811m (+5% vs. 2024) and materially stronger profitability: operating profit rose to €2,056m (+54%) and EBITDA to €3,124m (+27%), while net income attributable to shareholders increased to €1,340m (+75%); EPS (basic) was €7.46 (+76%).
Top-line and margins
Net sales: €24,811m (+5%). Gross profit €12,804m and gross margin improved to 51.6% (+0.8 percentage points).
Profitability
EBITDA €3,124m (+27%); operating profit €2,056m (+54%); operating margin 8.3% (up 2.6pp). Net income from continuing operations €1,377m (+67%). Effective tax rate 24.3% (down 2.2pp).
Cash flow and working capital
Cash flows from operating activities were €751m, down 74% (prior year adjusted for hyperinflation accounting). Average operating working capital rose to 23.0% of net sales (from 19.7%). Inventories increased to €5,832m (+17%).
Balance sheet and capital deployment
Total assets €20,262m (‑2%); shareholders’ equity €5,776m (+5%) and equity ratio 28.5% (+2.0pp). Capital expenditure €477m (‑12%). Adjusted net borrowings/EBITDA ~1.4x.
Shareholder returns & market reaction
Proposed dividend €2.80 per share (subject to AGM, +40% vs prior year). Basic/diluted earnings €7.46 per share. Share price at year-end €169.05 (‑29% vs 2024).
Outlook and targets
2026 outlook in the report: currency‑neutral net sales growth at a high‑single‑digit rate and an operating profit ambition around €2.3bn. The Annual Report reiterates forward‑looking guidance and management expectations subject to risks.
Operational/strategic context
The report highlights operational momentum behind the financial improvement — broad-based growth driven by Lifestyle (footwear), stronger Performance categories (Running, Football, Basketball), expanded partnerships (e.g., F1), and organizational moves to get closer to markets and consumers.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
36495 M
Market cap (USD)
734,648
Daily traded volume (Shares)
237.6 / 232.5
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
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P/E ratio
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EPS (USD)
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Ratings & reviews
Vaidik Rakesh Kumar
Maciej Buczynski
Lukas M.
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