The group’s consolidated sales increased by 14% to €19.3bn in 2016, whereas EBIT and net earnings increased by 41% to €1.49bn and 59% to €1.02bn, respectively. These profit growth rates allowed management to propose a dividend of €2, up from last year’s €1.60. Adidas’ revenue number is exactly in line with our projection, but we had expected higher profit numbers of €1.58bn and €1.14bn, respectively, while our dividend projection was €
08 Mar 2017
We had expected higher 2016 earnings
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We had expected higher 2016 earnings
adidas AG (ADS:WBO) | 0 0 1.8% | Mkt Cap: 37,743m
- Published:
08 Mar 2017 -
Author:
Hans-Peter Wodniok -
Pages:
2
The group’s consolidated sales increased by 14% to €19.3bn in 2016, whereas EBIT and net earnings increased by 41% to €1.49bn and 59% to €1.02bn, respectively. These profit growth rates allowed management to propose a dividend of €2, up from last year’s €1.60. Adidas’ revenue number is exactly in line with our projection, but we had expected higher profit numbers of €1.58bn and €1.14bn, respectively, while our dividend projection was €