Adidas : Q3 EBIT above expectations, raising FY 2024 targets again
>Some 14% underlying top-line growth and 9% underlying EBIT margin in Q3 - Yesterday evening, adidas announced preliminary Q3 2024 results. In Q3, currency-neutral revenues increased 10% y-o-y (7% reported growth) to € 6.4bn. Excluding Yeezy sales in both years, currency-neutral revenues increased 14%. Both were in line with consensus expectations. The gross margin increased 200bp to 51.3% with an even stronger increase of the underlying gross margin excluding Yeezy. ...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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