Report
Andreas Riemann ...
  • Martin Marandon-Carlhian

Adidas : Q3 due 10 November – Supply constraints and logistics issues hold back growth in Q3 and also Q4

>Low single digit top-line growth in Q3. MENA and North America OK, Greater China sales down - Adidas will report Q3 2021 results on 10 November. We forecast a sales increase of 2% y-o-y to € 5.7bn, purely attributable to currency neutral sales growth. North America (up 9%) and EMEA (up 5%) should do well given unchanged positive demand. However, Greater China (down 12%) should still suffer from the discussion around forced labour back in spring this year. Local bra...
Underlying
Adidas AG

ACM Managed Dollar Income Fund is a non-diversified, closed-end management investment company. This closed-end investment fund is designed for investors who seek high current income and capital appreciation. In order to achieve this objective, Co. invests primarily in high-yielding, U.S. and non-U.S. fixed income securities, denominated in U.S. dollars, that it expects to benefit from improving economic and credit fundamentals. Co. may utilize leverage through the investment techniques of reverse repurchase agreements and dollar rolls. As of Sept 30 2007, Co. had total assets of $192,614,325 and investment portfolio totalled $178,906,534.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Andreas Riemann

Martin Marandon-Carlhian

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