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ER - adidas finishes successful year with better-than-expected fourth quarter results

Company: adidas AG Date: 2025-01-22 Language: English Register to download

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 News Details

Ad-hoc | 21 January 2025 17:53

#   

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 of EQS Group.  

The issuer is solely responsible for the content of this announcement.  

  

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**FOR IMMEDIATE RELEASE**  

  

**Herzogenaurach, January 21, 2025**

**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.

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|     |     |
| --- | --- |
| **Contacts:** |     |
| **Media Relations**  <br><br>[corporate.press@adidas.com](mailto:corporate.press@adidas.com)  <br><br>+49 (0) 9132 84-2352 | **Investor Relations**  <br><br>[investor.relations@adidas.com](mailto:investor.relations@adidas.com)  <br><br>+49 (0) 9132 84-2920 |

For more information, please visit [adidas-group.com](https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=e7922c9884d3e3c2a9010fde9a8162d9&application_id=2072037&site_id=news_data&application_name=news) .

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](https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=f310030d481d9f8b32e94bdbee1b2c58&application_id=2072037&site_id=news_data&application_name=news) .

  

  

End of Inside Information  

- - -

21-Jan-2025 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.  

Archive at www.eqs-news.com  

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|     |     |
| --- | --- |
| Language: | English |
| Company: | adidas AG |
|     | Adi-Dassler-Straße 1 |
|     | 91074 Herzogenaurach |
|     | Germany |
| Phone: | +49 9132 84 0 |
| Fax: | +49 9132 84 2241 |
| Internet: | www.adidas-group.com |
| ISIN: | DE000A1EWWW0, US00687A1079, US00687P1049 |
| WKN: | A1EWWW, A0MNCC , 909676 |
| Indices: | DAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 2072037 |

  

|     |     |
| --- | --- |
|     |     |
| End of Announcement | EQS News Service |

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