Adidas Reports Strong Q1 Performance

Adidas AG announced on Tuesday a remarkable 12.7% increase in net sales for the first quarter of 2025, totaling €6.15 billion. This performance not only surpasses the previous year's figures but also exceeds the company's preliminary estimates.

Financial Highlights

The company saw a 151.3% surge in net income attributable to shareholders, reaching €428 million. Similarly, net income from continuing operations jumped by 155.3% year on year to €436 million. Diluted earnings per share (EPS) from continuing operations experienced a 154.1% increase to €2.44, while diluted EPS from continuing and discontinued operations rose by 151.3% to €2.40. Operating profit also saw a significant boost, up by 81.7% to €610 million compared to the same period in 2024.

CEO's Remarks

"Our double-digit growth across all markets and channels in today’s volatile environment showcases the strength of our brand and the exceptional efforts of our team. The operating profit of €610 million and the 9.9% operating margin highlight the immense potential of our company. A fantastic quarter indeed!" stated CEO Bjorn Gulden.