Adidas’ revenue was up by 16% to €16.9bn in the last year. This has translated into a 20% EBIT and 29% net profit increase to €1.06bn and €640m, respectively. The dividend is increased from €1.50 to €1.60. We had expected revenue of €16.75bn, EBIT of €1.12bn, net earnings of €691m, and a dividend of €1.65. As anticipated, the group’s net debt increased from €184m at the end of 2014 to €459m.
