Adidas AG Reports Impressive First Quarter Growth

Adidas AG has announced a remarkable start to 2025, with net sales reaching €6.15 billion in the first quarter. This represents a 12.7% increase compared to the same period last year, slightly surpassing the company's preliminary estimates.

Financial Highlights

Net income attributable to shareholders saw a dramatic rise of 151.3% to €428 million, while net income from continuing operations jumped 155.3% year on year to €436 million. The company also reported a significant increase in diluted earnings per share (EPS) from continuing operations, which surged 154.1% to €2.44. Operating profit stood at €610 million, marking an 81.7% increase from the first quarter of 2024.

Leadership's Perspective

"Our double-digit growth across all markets and channels, even in today's volatile environment, is a testament to the strength of our brand and the exceptional work of our team. With an operating profit of €610 million and a 9.9% operating margin, we're showcasing the immense potential of Adidas. It's been a fantastic quarter!" exclaimed CEO Bjorn Gulden.