August 01, 2014 9:13 PM ET

Textiles, Apparel and Luxury Goods

Company Overview of Adidas AG

Company Overview

adidas AG, together with its subsidiaries, designs, develops, produces, and markets athletic and sports lifestyle products worldwide. It operates through six segments: Wholesale, Retail, TaylorMade-adidas Golf, Rockport, Reebok-CCM Hockey, and Other Centrally Managed Brands. The Wholesale segment is involved in various business activities related to the distribution of adidas and Reebok products to retail customers. The Retail segment is engaged in business activities related to the sale of adidas and Reebok products directly to consumers through its retail and e-commerce platforms. Its products include footwear, apparel, and hardware, such as bags and balls under the adidas and Reebok brand...

Adi-Dassler-Str. 1

Herzogenaurach,  91074

Germany

Founded in 1920

44,805 Employees

Phone:

49 91 32 84 0

Fax:

49 91 32 84 22 41

Key Executives for Adidas AG

Chairman of Executive Board and Chief Executive Officer
Age: 60
Total Annual Compensation: $2.3M
Chief Financial Officer and Member of Executive Board
Age: 56
Total Annual Compensation: $867.0K
Head of Global Operations and Member of Executive Board
Age: 51
Total Annual Compensation: $788.0K
Chief Sales Officer of Multi-Channel Markets and Member of Executive Board
Age: 51
Total Annual Compensation: $202.0K
Compensation as of Fiscal Year 2013.

Adidas AG Key Developments

Adidas AG Announces Group Earnings Results for the Second Quarter of 2014; Revises Earnings Guidance for the Full Year 2014

Adidas AG announced group earnings results for the second quarter of 2014. For the second quarter, the group's top-line momentum materially improved as expected. Sales increased 10% on a currency-neutral basis, driven by 14% growth at adidas and 9% growth at Reebok, while sales at TaylorMade-adidas Golf declined 18%. Currency effects continued to play a significantly negative role, impacting top-line results by over 7% points in the quarter. As a result, sales increased 2% to EUR 3.465 billion. Operating profit in the second quarter was EUR 220 million. Net income attributable to shareholders for the quarter was EUR 144 million. For the year 2014, the management now expects a mid- to high-single-digit currency-neutral sales increase (previously: high-single-digit increase) for the full year 2014 and net income attributable to shareholders to be at a level of around EUR 650 million compared to previous guidance of EUR 830 million to EUR 930 million.

Adidas Group Names Jean-Michel Granier as New Managing Director in Korea

Adidas Group appointed Jean-Michel Granier as the new management director of Adidas Korea. Granier joined the group in 2003 as a key account manager of Adidas France. He also worked as a sales director of Adidas Italy in 2004 and as a managing director of South Europe in 2012.

Adidas AG Presents at 2014 World Retail Congress, Jul-02-2014

Adidas AG Presents at 2014 World Retail Congress, Jul-02-2014 . Venue: Shanghai Province, China. Speakers: Colin Currie, President Greater China.

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