Adidas AG ( (ADDYY) ) has released its Q4 earnings. Here is a breakdown of the information Adidas AG presented to its investors.
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Adidas AG, a leading global sportswear manufacturer, is renowned for its innovative products and strong brand presence in the athletic apparel industry. The company focuses on leveraging sports to inspire and change lives. In its 2024 earnings report, Adidas AG showcased a robust financial performance, surpassing its targets with a 12% increase in net sales and a significant rise in operating profit to €1,337 million. The company also reported a notable improvement in net income, reflecting a successful turnaround strategy. Key financial metrics included an 81% increase in EBITDA and a 398% rise in operating profit, highlighting the effectiveness of Adidas’s strategic initiatives. Looking ahead, Adidas aims to continue its growth trajectory with a high-single-digit increase in net sales and further improvements in operating profit for 2025. The management remains optimistic about maintaining momentum and achieving its goal of becoming a healthy company by 2026.