Adidas : Lowering FY outlook due to lockdowns in China
>EMEA and North America good, China not - Q1 2022 sales are down 3% y-o-y excluding FX to € 5.3bn, i.e. growth was 1-2% above expectations. Regions: EMEA (+9%) and North America (+13%) did slightly better than expected. China however decreased again (-35%), suffering from lockdowns but also from discussions around forced labour which led to lower demand for Western brands in general. Top-line growth would have been 8% better excluding supply chain effects of c. € 400m...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.
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.
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