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10 Mar 2022
ADIDAS - Conviction BUY Top Picks | EUR335 FY22: adidas is moving full steam ahead despite China

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ADIDAS - Conviction BUY Top Picks | EUR335 FY22: adidas is moving full steam ahead despite China
FY22 sales guidance (+11-13% FX-n) decomposed
North America: ongoing strong underlying demand and no signs of a slowdown
China: reasonable optimism as ADS progresses in its action plan