15:10 - 29.04.2025

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April 29, Fineko/abc.az. Sportswear maker adidas AG (ADDYY.PK) reported that its net income attributable to shareholders for the first quarter of 2025 climbed to 428 million euros or 2.40 euros per share from 170 million euros or 0.95 euros per share last year.

The company's operating profit increased by 82% to 610 million euros in the first quarter from last year's 336 million euros, reflecting an operating margin increase of 3.8 percentage points.

In the first quarter of 2025, currency-neutral revenues increased 13% versus the prior year, reflecting the strong momentum of the adidas brand, which increased 17%. In euro terms, revenues for the quarter grew about 13%, or nearly 700 million euros, to 6.153 billion euros from 5.458 billion euros last year.

Following the sale of the remaining Yeezy inventory late last year, the company's first-quarter results for 2025 exclude any revenues from Yeezy, which had contributed approximately 150 million euros in 2024.