Report
Andreas Riemann

Adidas : Q3 2024 results due 29 Oct – Fast and profitable growth

>Some 13% underlying growth and 9% EBIT margin - adidas will report its Q3 2024 results on 29 October. We forecast sales to increase 10% y-o-y excluding FX to € 6.5bn. This reflects some 13% growth in the underlying business and a Yeezy effect of -3%. We assume a 2% contribution from Yeezy this year compared to 5% last year. Yes, 13% underlying growth in Q3 would be below the level of 16% seen in Q2 which benefited from the UEFA EURO 2024, Copa and early deliveries. ...
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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