Search

Adidas launches new share buyback as demand booms - Reuters

suitersa.blogspot.com

The Adidas logo is pictured during celebrations for German sports apparel maker Adidas' 70th anniversary at the company's headquarters in Herzogenaurach, Germany, August 9, 2019. REUTERS/Andreas Gebert

BERLIN, June 29 (Reuters) - Adidas (ADSGn.DE) will launch a new share buyback programme starting July 1 worth up to 550 million euros ($653.62 million), the German sportswear company said on Tuesday.

The move is part of plans announced by Adidas earlier this year to return up to 9 billion euros to its shareholders in the next five years, through dividend payouts of between 30% and 50% of net income from continuing operations, along with share buybacks.

Adidas last month raised its 2021 sales forecast as it expects a resumption of big sporting events to drive demand.

Shares in Adidas were up 2.5% after the news.

($1 = 0.8415 euros)

Reporting by Emma Thomasson Editing by Madeline Chambers

Our Standards: The Thomson Reuters Trust Principles.

Adblock test (Why?)



"share" - Google News
June 29, 2021 at 08:07PM
https://ift.tt/3AdjNSL

Adidas launches new share buyback as demand booms - Reuters
"share" - Google News
https://ift.tt/2VXQsKd
https://ift.tt/3d2Wjnc

Bagikan Berita Ini

0 Response to "Adidas launches new share buyback as demand booms - Reuters"

Post a Comment


Powered by Blogger.