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10 Nov 2021
ADIDAS: Reassuring FY21 outlook given harmful supply chain issues | CONVICTION BUY TOP PICKS | EUR330(+11%)

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ADIDAS: Reassuring FY21 outlook given harmful supply chain issues | CONVICTION BUY TOP PICKS | EUR330(+11%)
ADIDAS - CONVICTION BUY TOP PICKS | EUR330(+11%)
Reassuring FY21 outlook given harmful supply chain issues
Q3 sales in line despite greater impacts from supply chain issues
Resilient EMEA and North America
EBIT is 4% above expectations despite a GM miss
FY21 sales and margin outlook broadly unchanged