Adidas delivered good 2017 numbers all the way down to pre-tax earnings and it announced a share buy-back programme going all the way through to May 2021. Net earnings were negatively impacted by the US income tax reform and a higher than expected loss from the disposal of TaylorMade and CCM Hockey. Consequently, management’s dividend proposal of €2.60 is lower than our anticipated €2.75.
14 Mar 2018
Good 2017 numbers plus share buy-back announced
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Good 2017 numbers plus share buy-back announced
adidas AG (ADS:WBO) | 0 0 1.8% | Mkt Cap: 37,743m
- Published:
14 Mar 2018 -
Author:
Hans-Peter Wodniok -
Pages:
2
Adidas delivered good 2017 numbers all the way down to pre-tax earnings and it announced a share buy-back programme going all the way through to May 2021. Net earnings were negatively impacted by the US income tax reform and a higher than expected loss from the disposal of TaylorMade and CCM Hockey. Consequently, management’s dividend proposal of €2.60 is lower than our anticipated €2.75.