Price as on March 17, 2025:
Germany: ETR: Euro220.60
Data source: Google Finance
Started during 1900-1949 in the small room of the small town in Bavaria, Germany, with the company name as Gebruder Dassler Schuhfabrik by two brothers, and then in 1949 Adidas was established. Adidas is today Euro23,683 million net sales in 2024, 62k employees worldwide, Adidas is the largest sportwear manufacturer in Europe and the second largest in the world, until 2022 company is having around 2000 stores across the globe.
The fourth quarter result of 2024, company’s revenue grew to 24% to Euro5695 million, gross margin increased 5.2% to 49.8%, operating profit reached Euro57 million in the quarter. Based on the preliminary unaudited numbers for the full year of 2024, the company’s currency-neutral revenues were up 12%. In euro terms, revenues increased 11% versus the prior year and reached Euro23,683 million in 2024, excluding Yeezy sales. The company’s gross margin improved by 3.3 percentage points to 50.8% in 2024, while full-year operating profit increased by more than Euro1 billion to Euro1,337 million.
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