3/11/2020, 7:36 AM (Source: TeleTrader)
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Adidas diluted EPS jump 97% in Q4 YoY

Adidas AG revealed on Wednesday that its diluted earnings per share (EPS) from continuing operations stood at 0.92€ in the fourth quarter of fiscal 2019, representing an increase of 97.1% compared to the same period a year ago. Revenues were 10% up in the fourth three month period of 2019. Net sales amounted to €5.8 billion in the three months ending with December 31, 2019, marking an increase of 11.2% from the same trimester in 2018, while net income attributable to equity holders jumped 54% on a yearly basis to reach €167 million in the last quarter of 2019.

For the entire 2019, revenues were 6% higher than in 2018. Net income attributable to shareholders amounted to €1.98 billion in 2019, representing a rise of 16.1% from the previous year. Net sales went up 7.9% to reach €23.64 billion, and diluted earnings per share from continuing operations rose by 14.8% to €9.7 in 2019.

CEO Kasper Rorsted said that the company hoped to reach double-digit growth in 2020, but stressed the coronavirus outbreak makes the prospect uncertain due to lower China sales.

Baha Breaking News (BBN) / MS