adidas AG - Earnings Release 2024

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.

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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 [email protected] +49 (0) 9132 84-2352	Investor Relations [email protected] +49 (0) 9132 84-2920

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

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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