Report
Andreas Riemann

Adidas : Q2 due 31 July – Underlying sales growth to be in the double digits

>Accelerating momentum, expecting 11% underlying sales growth - adidas will report Q2 2024 results on 31 July. We forecast sales to increase 4% y-o-y to € 5.5bn. The major driver should be currency neutral growth of 7% y-o-y. This reflects some 11% growth of the underlying business which is an improvement compared to 5% in Q1 and a Yeezy effect of -4%. We assume a 3% contribution from Yeezy this year compared to 7% in Q2 last year. In terms of regions, China (up 10%) ...
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

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