Dividend Overview

As a result of the strong operational and financial performance in 2019, the company’s robust financial position as well as Management’s confidence in our long-term growth aspirations, the adidas AG Executive and Supervisory Boards will recommend paying a dividend of € 3.85 per dividend-entitled share to shareholders at the Annual General Meeting (AGM) on May 14, 2020. This represents an increase of 15% compared to the prior year dividend (2018: € 3.35). Subject to the meeting’s approval, the dividend will be paid on May 19, 2020.

The total payout of € 752 million (2018: € 664 million) reflects a payout ratio of 39.2% of net income from continuing operations (2018: 38.9%), based on the number of shares outstanding as at the date of preparation of the consolidated financial statements.This is within the target range of between 30% and 50% of net income from continuing operations as defined in our dividend policy.

*Subject to Annual General Meeting approval.