adidas finishes successful year with better-than-expected fourth quarter results
adidas AG / Key word(s): Quarter Results/Annual Results adidas finishes successful year with better-than-expected fourth quarter results 21-Jan-2025 / 17:53 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service
adidas finishes successful year with better-than-expected fourth quarter results
adidas AG / Key word(s): Quarter Results/Annual Results adidas finishes successful year with better-than-expected fourth quarter results 21-Jan-2025 / 17:53 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service
FOR IMMEDIATE RELEASE adidas finishes successful year with better-than-expected fourth quarter results adidas today announced preliminary results for the fourth quarter of 2024. In Q4, currency-neutral revenues increased 19%. In euro terms, the company’s revenues grew 24% to € 5,965 million (2023: € 4,812 million). Excluding Yeezy sales in both years, currency-neutral revenues increased 18%. The company’s gross margin increased 5.2 percentage points to 49.8% (2023: 44.6%). Operating profit reached € 57 million in the quarter (2023: operating loss of € 377 million). Based on preliminary unaudited numbers for the full year of 2024, the company’s currency-neutral revenues were up 12%. In euro terms, revenues increased 11% versus the prior year and reached € 23,683 million in 2024 (2023: € 21,427 million). Excluding Yeezy sales in both years, currency-neutral revenues increased 13%. The company’s gross margin improved by 3.3 percentage points to 50.8% in 2024 (2023: 47.5%), while full-year operating profit increased by more than € 1 billion to € 1,337 million (2023: € 268 million). adidas will publish its final set of financial results for 2024 and issue financial guidance for 2025 on March 5, 2025. ***
For more information, please visit adidas-group.com. adidas uses alternative performance measures (APM) in its regulatory and mandatory publications that may represent so-called non-GAAP measures. An overview of these APMs can be found at adidas-group.com/financial-publications. End of Inside Information |
|
2072037 21-Jan-2025 CET/CEST