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ISIN: DE000A1EWWW0
WKN: A1EWWW
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adidas AG · ISIN: DE000A1EWWW0 · EQS - adhoc news (25 News)
Country: Germany · Primary market: Germany · EQS NID: 2122760
23 April 2025 06:23PM

adidas brand momentum drives better-than-expected first quarter results


EQS-Ad-hoc: adidas AG / Key word(s): Quarter Results
adidas brand momentum drives better-than-expected first quarter results

23-Apr-2025 / 18:23 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.


FOR IMMEDIATE RELEASE

Herzogenaurach, April 23, 2025

adidas brand momentum drives better-than-expected first quarter results

adidas today announced preliminary results for the first quarter of 2025. The company’s revenues grew nearly € 700 million and reached € 6,153 million in Q1 (2024: € 5,458 million). In currency-neutral terms, sales increased 13%. Excluding Yeezy sales in the prior year, currency-neutral revenues for the adidas brand increased 17% during the quarter, driven by double-digit growth across all markets and channels.  

The company’s gross margin improved 0.9 percentage points to 52.1% (2024: 51.2%). The year-over-year increase of the gross margin for the adidas brand was even stronger at 1.6 percentage points. Operating profit improved strongly to € 610 million in Q1 (2024: € 336 million), reflecting an operating margin of 9.9% (2024: 6.2%).

Having completed the sale of the remaining Yeezy inventory at the end of last year, the company’s results for the first quarter of 2025 do not include any Yeezy contribution.

adidas will publish its final set of financial results for the first quarter and host its quarterly conference call on April 29, 2025.

***

Contacts:
Media Relations
corporate.press@adidas.com
+49 (0) 9132 84-2352
Investor Relations
investor.relations@adidas.com
+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

23-Apr-2025 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


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: 2122760

 
End of Announcement EQS News Service

2122760  23-Apr-2025 CET/CEST

Visual performance / price development - adidas AG
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