F A C T S H E E T J A N U A R Y - M A R C H 2 0 2 4

Earnings per share from continuing operations (€)

Basic

Diluted

Average number of shares

Basic

Diluted

Number of shares outstanding1

Share price (€)2

Market capitalization (€ in millions)1

Historical performance of the adidas share and important indices

(%)

First Quarter

Second Quarter

Third Quarter

Fourth Quarter

2024

2023

Change

2024

2023

2024

2023

2024

2023

0.96

(0.18)

n.a.

-

0.48

-

1.40

-

(2.36)

0.96

(0.18)

n.a.

-

0.48

-

1.40

-

(2.36)

178,549,084

178,537,198

0%

-

178,538,765

-

178,549,084

-

178,549,084

178,559,251

178,542,171

0%

-

178,550,885

-

178,562,393

-

178,563,103

178,549,084

178,537,198

0%

-

178,549,084

-

178,549,084

-

178,549,084

207.00

162.78

27%

-

177.78

-

166.62

-

184.16

36,960

29,062

27%

-

31,742

-

29,750

-

32,882

adidas AG

DAX

EURO STOXX 50

MSCI World Textiles, Apparel & Luxury Goods Index

12

10

12

3

28

-

9

-

(6)

-

11

12

-

3

-

(5)

-

9

14

-

2

-

(5)

-

8

20

-

(1)

-

(16)

-

11

1 At quarter-end, excluding treasury shares.

2 At quarter-end.

3

F A C T S H E E T J A N U A R Y - M A R C H 2 0 2 4

Key figures (€ in millions)

Net sales

Gross profit

Other operating expenses

Thereof: marketing and point-of-sale expenses

Thereof: operating overhead expenses1

EBITDA

Operating profit/(loss)

Income/(loss) before taxes

Net (loss)/income from continuing operations

Net (loss)/income attributable to shareholders2

Key ratios

Gross margin

Other operating expenses in % of net sales

Thereof: marketing and point-of-sale expenses in % of net sales

Thereof: operating overhead expenses in % of net sales1

Operating margin

Effective tax rate

Net (loss)/income attributable to shareholders in % of net sales2

First Quarter

Second Quarter

Third Quarter

Fourth Quarter

2024

2023

Change

2024

2023

2024

2023

2024

2023

5,458

5,274

4%

-

5,343

-

5,999

-

4,812

2,796

2,363

18%

-

2,719

-

2,955

-

2,147

2,478

2,367

5%

-

2,582

-

2,570

-

2,551

657

601

9%

-

617

-

644

-

666

1,822

1,766

3%

-

1,965

-

1,926

-

1,885

554

344

61%

-

456

-

661

-

(103)

336

60

458%

-

176

-

409

-

(377)

245

32

675%

-

123

-

326

-

(415)

171

(24)

n.a.

-

96

-

270

-

(401)

170

(39)

n.a.

-

84

-

259

-

(379)

51.2%

44.8%

6.4pp

-

50.9%

-

49.3%

-

44.6%

45.4%

44.9%

0.5pp

-

48.3%

-

42.8%

-

53.0%

12.0%

11.4%

0.6pp

-

11.5%

-

10.7%

-

13.8%

33.4%

33.5%

(0.1pp)

-

36.8%

-

32.1%

-

39.2%

6.2%

1.1%

5.0pp

-

3.3%

-

6.8%

-

(7.8%)

30.1%

174.9%

(144.8pp)

-

21.9%

-

17.0%

-

3.3%

3.1%

(0.7%)

n.a.

-

1.6%

-

4.3%

-

(7.9%)

1 Aggregated distribution and selling expenses, general and administration expenses, sundry expenses and impairment losses (net) on accounts receivable and contract assets. 2 Includes continuing and discontinued operations.

F A C T S H E E T J A N U A R Y - M A R C H 2 0 2 4

Key figures (€ in millions)

Total assets

Accounts receivable

Inventories

Operating working capital

Adjusted net borrowings1

Shareholders' equity

Capital expenditure

Net cash (used in)/generated from operating activities

Key ratios

Average operating working capital in % of net sales2

Equity ratio3

Adjusted net borrowings/

EBITDA1,4

Financial leverage3

Return on equity3

Net cash (used in)/generated from operating activities per share of common stock (€)

March 31

June 30

September 30

December 31

2024

2023

Change

2024

2023

2024

2023

2024

2023

18,392

19,677

(7%)

-

19,338

-

18,720

-

18,020

2,606

2,818

(8%)

-

2,567

-

2,721

-

1,906

4,427

5,675

(22%)

-

5,540

-

4,849

-

4,525

4,745

6,391

(26%)

-

5,896

-

5,557

-

4,154

4,958

6,630

(25%)

-

6,039

-

5,235

-

4,518

4,871

4,849

0%

-

4,790

-

5,204

-

4,580

69

78

(12%)

-

175

-

293

-

504

(116)

(538)5

(78%)

-

460

-

1,571

-

2,6305

23.5%

26.0%

(2.5pp)

-

27.1%

-

26.9%

-

25.7%

26.5%

24.6%

1.8pp

-

24.8%

-

27.8%

-

25.4%

3.2

4.7

(33%)

-

4.8

-

4.8

-

3.3

101.8%

136.7%

(34.9pp)

-

126.1%

-

100.6%

-

98.6%

3.5%

(0.8%)

4.3pp

-

0.9%

-

5.8%

-

(1.6%)

(0.65)

(3.01)5

78%

-

2.58

-

8.80

-

14.735

1 Adjusted net borrowings = short-term borrowings + long-term borrowings + current and non-current lease liabilities + pensions and similar obligations + factoring - accessible cash and cash equivalents.

  1. Twelve-monthtrailing average.
  2. Based on shareholders' equity.
  3. EBITDA of last twelve months.
  4. Prior year adjusted due to hyperinflation accounting.

5

F A C T S H E E T J A N U A R Y - M A R C H 2 0 2 4

OUR SHARE

CONSOLIDATED

CONSOLIDATED

FINANCIAL

FINANCIAL

CHANNELS

OPERATING PROFIT

INCOME STATEMENT

STATEMENT OF

HIGHLIGHTS BY

HIGHLIGHTS BY

AT A GLANCE

HIGHLIGHTS

FINANCIAL

SEGMENT

PRODUCT CATEGORY

POSITION AND CASH

FLOW HIGHLIGHTS

Financial Highlights by Segment

Financial Highlights by Segment € in millions1,2

First Quarter

Second Quarter

Third Quarter

Fourth Quarter

Change

2024

2023

Change

(c.n.)

2024

2023

2024

2023

2024

2023

Europe

Net sales

1,733

1,509

15%

14%

-

1,592

-

1,812

-

1,389

Gross profit

834

655

27%

-

757

-

813

-

670

Gross margin

48.2%

43.4%

4.7pp

-

47.6%

-

44.9%

-

48.2%

Operating expenses

541

477

13%

-

492

-

537

-

551

Operating expenses

31.2%

31.6%

(0.4pp)

-

30.9%

-

29.6%

-

39.7%

in % of net sales

Operating profit

294

187

57%

-

268

-

277

-

120

Operating margin

17.0%

12.4%

4.6pp

-

16.9%

-

15.3%

-

8.6%

North America

Net sales

1,122

1,177

(5%)

(4%)

-

1,399

-

1,484

-

1,159

Gross profit

506

360

41%

-

649

-

616

-

468

Gross margin

45.1%

30.6%

14.6pp

-

46.4%

-

41.5%

-

40.4%

Operating expenses

429

427

0%

-

472

-

489

-

483

Operating expenses

38.3%

36.3%

2.0pp

-

33.8%

-

32.9%

-

41.6%

in % of net sales

Operating profit/(loss)

83

(46)

n.a.

-

192

-

137

-

(9)

Operating margin

7.4%

(3.9%)

n.a.

-

13.7%

-

9.2%

-

(0.8%)

Greater China

Net sales

897

884

2%

8%

-

766

-

870

-

670

Gross profit

479

415

15%

-

415

-

456

-

268

Gross margin

53.4%

47.0%

6.4pp

-

54.2%

-

52.4%

-

39.9%

Operating expenses

215

245

(12%)

-

242

-

249

-

265

Operating expenses

24.0%

27.7%

(3.7pp)

-

31.6%

-

28.6%

-

39.6%

in % of net sales

Operating profit

266

170

56%

-

173

-

207

-

2

Operating margin

29.6%

19.3%

10.3pp

-

22.6%

-

23.7%

-

0.3%

Emerging Markets

Net sales

712

672

6%

17%

-

600

-

834

-

744

Gross profit

357

331

8%

-

306

-

411

-

376

Gross margin

50.2%

49.3%

0.9pp

-

51.0%

-

49.3%

-

50.6%

Operating expenses

208

183

14%

-

187

-

217

-

216

Operating expenses

29.2%

27.2%

2.0pp

-

31.1%

-

26.0%

-

29.0%

in % of net sales

Operating profit

150

149

1%

-

119

-

194

-

164

Operating margin

21.1%

22.1%

(1.1pp)

-

19.9%

-

23.2%

-

22.1%

6

F A C T S H E E T J A N U A R Y - M A R C H 2 0 2 4

First Quarter

Change

2024

2023

Change

(c.n.)

Latin America

Net sales

615

595

3%

18%

Gross profit

279

264

6%

Gross margin

45.4%

44.3%

1.1pp

Operating expenses

152

135

13%

Operating expenses

24.7%

22.6%

2.1pp

in % of net sales

Operating profit

128

129

(1%)

Operating margin

20.8%

21.7%

(1.0pp)

Japan/South Korea

Net sales

339

347

(2%)

8%

Gross profit

181

180

0%

Gross margin

53.2%

51.9%

1.3pp

Operating expenses

101

107

(6%)

Operating expenses

29.8%

31.0%

(1.2pp)

in % of net sales

Operating profit

82

76

8%

Operating margin

24.3%

22.1%

2.2pp

Other Businesses

Net sales

32

80

(60%)

(56%)

Gross profit

14

42

(67%)

Gross margin

44.5%

53.4%

(8.8pp)

Operating expenses

18

13

37%

Operating expenses

56.8%

16.6%

40.2pp

in % of net sales

Operating profit/(loss)

(4)

30

n.a.

Operating margin

(12.0%)

37.2%

n.a.

Second Quarter

Third Quarter

Fourth Quarter

2024

2023

2024

2023

2024

2023

-

596

-

621

-

479

-

302

-

280

-

200

-

50.7%

-

45.1%

-

41.8%

-

149

-

152

-

128

-

25.1%

-

24.5%

-

26.8%

-

153

-

128

-

72

-

25.7%

-

20.6%

-

15.1%

-

326

-

318

-

302

-

187

-

162

-

151

-

57.2%

-

50.8%

-

50.1%

-

119

-

96

-

105

-

36.3%

-

30.2%

-

34.8%

-

73

-

69

-

50

-

22.3%

-

21.7%

-

16.5%

-

48

-

38

-

33

-

26

-

14

-

11

-

54.7%

-

36.2%

-

32.8%

-

21

-

10

-

14

-

44.4%

-

26.7%

-

40.9%

-

5

-

7

-

0

-

10.5%

-

19.7%

-

(0.2%)

1 Prior year adjusted in context of introduction of new segment structure.

2 Differences between segmental and aggregated net sales may arise due to consolidation adjustments.

7

F A C T S H E E T J A N U A R Y - M A R C H 2 0 2 4

Net sales by product category

Footwear

Apparel

Accessories and gear

Total

First Quarter

Change

2024 2023 Change (c.n.)

3,239 3,023 7% 13%

1,885 1,911 (1%) 2%

328

340

(4%)

(1%)

5,458

5,274

4%

8%

Second Quarter

Third Quarter

Fourth Quarter

2024

2023

2024

2023

2024

2023

-

3,102

-

3,421

-

2,538

-

1,836

-

2,188

-

1,922

-

405

-

390

-

352

-

5,343

-

5,999

-

4,812

1 Differences between segmental and aggregated net sales may arise due to consolidation adjustments. 2 Prior year adjusted due to hyperinflation accounting.

8

F A C T S H E E T J A N U A R Y - M A R C H 2 0 2 4

OUR SHARE

CONSOLIDATED

CONSOLIDATED

FINANCIAL

FINANCIAL

CHANNELS

OPERATING PROFIT

INCOME STATEMENT

STATEMENT OF

HIGHLIGHTS BY

HIGHLIGHTS BY

AT A GLANCE

HIGHLIGHTS

FINANCIAL

SEGMENT

PRODUCT CATEGORY

POSITION AND CASH

FLOW HIGHLIGHTS

Channels at a Glance

Channels at a Glance1

First Quarter

Second Quarter

Third Quarter

Fourth Quarter

Change

2024

2023

(c.n.)

2024

2023

2024

2023

2024

2023

Net sales (€ in millions)

Wholesale

3,403

3,487

2%

-

2,989

-

3,735

-

2,445

Direct-to-Consumer (DTC)

2,046

1,776

20%

-

2,338

-

2,242

-

2,332

Own retail

-

-

11%

-

-

-

-

-

-

E-commerce

-

-

34%

-

-

-

-

-

-

Number of stores2

Concept stores

732

Concession corners

89

Factory outlets

1,046

Total

1,867

Opening

33

Closing

29

Net opening/(Net closing)

4

715

-

-

721

-

710

-

744

94

-

-

96

-

85

-

88

997

-

-

999

-

1,018

-

1,031

1,806

-

-

1,816

-

1,813

-

1,863

23

-

-

47

-

51

-

117

207

-

-

37

-

54

-

67

(184)

-

-

10

-

(3)

-

50

1 Differences between segmental and aggregated net sales may arise due to consolidation adjustments. 2 At quarter-end.

9

F A C T S H E E T J A N U A R Y - M A R C H 2 0 2 4

OUR SHARE

CONSOLIDATED

CONSOLIDATED

FINANCIAL

FINANCIAL

CHANNELS

OPERATING PROFIT

INCOME STATEMENT

STATEMENT OF

HIGHLIGHTS BY

HIGHLIGHTS BY

AT A GLANCE

HIGHLIGHTS

FINANCIAL

SEGMENT

PRODUCT CATEGORY

POSITION AND CASH

FLOW HIGHLIGHTS

Operating Profit

Operating Profit € in millions

First Quarter

2024

2023

Operating profit for reportable segments1

1,002

666

Operating profit for Other Businesses1

(4)

30

HQ

(514)

(413)

Central expenditure for marketing

(215)

(205)

Consolidation

66

(17)

Operating profit

336

60

Financial income

24

13

Financial expenses

(115)

(41)

Income before taxes

245

32

1 Prior year adjusted in context of introduction of new segment structure.

10

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Disclaimer

adidas AG published this content on 29 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 May 2024 16:06:05 UTC.