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27 Jan 2021
ADIDAS: Succeed the backswing in 2021 to accelerate in 2022 onwards | Conviction BUY | EUR325(+17%)

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ADIDAS: Succeed the backswing in 2021 to accelerate in 2022 onwards | Conviction BUY | EUR325(+17%)
ADIDAS - Conviction BUY | EUR325(+17%)
Succeed the backswing in 2021 to accelerate in 2022 onwards
Resilient trends towards the end of the year…
… but the Covid-19 pandemic is very present
2021 to be a springboard year followed by an acceleration phase
Despite these near-term adjustments, ADS still offers one of the strongest rebounds in sales & earnings