Report
Andreas Riemann

Adidas : Roadshow feedback – Sequential improvement in 2024

>Improving product and brand, but no short-term optimisation of profits - Yesterday, we were on a road show in Frankfurt with CEO Bjørn Gulden and Head of IR Sebastian Steffen. Major messages are: 1/ The focus in North America is more on a local product. 2/ India offers massive growth. 3/ Chinese consumer is coming back and 4/ In the coming years the financial targets are for 10% growth and 10% EBIT margin. These statements are in line with previous ones made. Overal...
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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