1 #-AD1DA5-G80up-#1 adidas Group At a glance mm adidas Group Geschäftsbericht adidas Group Annual Report
2 Targets Results Outlook Targets Results 1) Outlook 2013 Currency-neutral sales development: adidas Group increase at a mid- to high-single-digit rate Wholesale segment increase at a mid-single-digit rate Retail segment increase at a low-teens rate Other Businesses increase at a low- to mid-single-digit rate TaylorMade-adidas Golf increase at a low- to mid-single-digit rate Rockport increase at a high-single-digit rate Reebok-CCM Hockey increase at a strong double-digit rate Gross margin around 47.5% Operating margin increase to a level approaching 8.0% Average operating working capital (in % of sales) moderate increase expected Capital expenditure 400 million 450 million Gross borrowings further reduction Net borrowings/ebitda ratio to be maintained below 2 Currency-neutral sales development: adidas Group increase of Group sales of 6% billion Wholesale segment increase of 2% Retail segment increase of 14% Other Businesses increase of 17% TaylorMade-adidas Golf increase of 20% Rockport increase of 2% Reebok-CCM Hockey increase of 9% Gross margin 47.7% Operating margin 8% Average operating working capital (in % of sales) decreases to 20.0% Capital expenditure 434 million Net borrowings Net cash of 448 million Net borrowings/ebitda ratio 0.3 Currency-neutral sales development: adidas Group increase at a mid-single-digit rate Wholesale segment increase at a low-single-digit rate Retail segment increase at a high-single- to low-double-digit rate Other Businesses increase at a mid- to high-single-digit rate TaylorMade-adidas Golf increase at a mid-single-digit rate Rockport increase at a mid- to high-single-digit rate Reebok-CCM Hockey increase at a low-double-digit rate Gross margin 48.0% 48.5% Operating margin increase to a level approaching 9.0% Average operating working capital (in % of sales) moderate increase expected Capital expenditure 500 million 550 million Gross borrowings further reduction Net borrowings/ebitda ratio to be maintained below 2 Earnings per share increase at a rate of 10% to 15% to a level between Earnings per share increase 29% to Net income attributable to shareholders increases 29% to Earnings per share Increase at a rate of 12% to 16% to a level between million Shareholder value adidas AG share price increases Dividend per share (subject to Annual General Meeting approval) Shareholder value further increase 34% 1.35 further increase 1) Excluding goodwill impairment of 265 million.
3 pushing boundaries adidas Group Annual Report With our products, trends are set and records are broken. Always raising the bar, continuously determined to reach for more this is our challenge, our guiding ambition, our legacy. Inspired by our passion for sports and performance, with dedication, commitment and team spirit, we continuously innovate to establish new benchmarks in everything we do. We learn from top athletes, we utilise the latest technologies and we work hard to always achieve the very best so that, together with us, you can go higher and reach further than ever before.
4 Our Brands adidas is a true global brand with German roots. adidas Sport Performance The guiding principle of adidas Sport Performance is to make athletes better by making them faster, stronger, smarter, cooler and more natural. The main focus is on five key categories: Football, Basketball, Running, Training and Outdoor. TaylorMade TaylorMade leads the golf industry in metalwood sales and is the No. 1 driver brand on the world s major professional golf tours. The brand is recognised globally for its capacity to develop innovative and performance-enhancing technologies for drivers, fairway woods, hybrids, irons, putters and balls. adidas Golf Our Brands Financial Highlights adidas Sport Style adidas Originals: adidas Originals is the authentic, iconic sportswear label for the street, and its philosophy to Celebrate Originality. adidas Sport Style: adidas Sport Style is defined as the Future of Sportswear and includes the labels Y-3, Porsche Design Sport, adidas SLVR and adidas NEO. adidas Sport Style s positioning statement is Style your Life. Five Ten Five Ten, the Brand of the Brave, is a leader in performance, highfriction footwear. From downhill mountain bike racing to rock climbing, from wingsuit flying to kayaking, Five Ten makes footwear for the world s most dangerous sports. The company has been producing cutting-edge designs and proprietary Stealth rubber soles for nearly 30 years. adidas Golf develops high-performance golf footwear and apparel for active, serious, athletic-minded golfers seeking products to elevate their game. Adams Golf Adams Golf designs and produces easy-to-hit equipment that makes playing the game more enjoyable for golfers of all skill levels. Ashworth Ashworth is an authentic golf apparel and footwear brand with powerful name recognition among true, authentic golfers, offering products that move effortlessly from the golf course to the clubhouse and beyond. Reebok is an American-inspired sports brand with the clear objective to become the leading fitness brand in the world. Understanding and embracing the multi-facets and lifestyle potential of fitness, Reebok provides consumers with innovative products, experiences and inspirations. Its strong roots and history in fitness allow Reebok to empower consumers to be fit for life. Rockport was founded in 1971 on the idea of making fashion footwear comfortable by using the latest in athletic shoe technologies. More than 40 years later, Rockport combines its unique DNA with the innovation resources of the adidas Group and designs products which deliver uncompromised style with state-of-the-art engineered comfort for metropolitan professionals around the world. For more information on our brands: : Reebok-CCM Hockey is a leading designer and marketer of ice hockey equipment and apparel, with two of the world s most recognised ice hockey brand names: Reebok Hockey and CCM.
5 Financial Highlights 01 / Financial Highlights (IFRS) ) Change Operating Highlights ( in millions) Net sales 14,883 13, % EBITDA 1,445 1, % Operating profit 2) 1, % Net income attributable to shareholders 2) % Key Ratios (%) Gross margin 47.7% 47.5% 0.2pp Operating expenses as a percentage of net sales 41.3% 41.8% (0.5pp) Operating margin 2) 8.0% 7.2% 0.8pp Effective tax rate 2) 29.3% 30.0% (0.7pp) Net income attributable to shareholders as a percentage of net sales 2) 5.3% 4.6% 0.7pp Average operating working capital as a percentage of net sales 20.0% 20.4% (0.4pp) Equity ratio 45.5% 45.7% (0.2pp) Net borrowings/ebitda (0.3) (0.1) Financial leverage (8.5%) (1.8%) (6.7pp) Return on equity 9.9% 11.9% (2.0pp) Balance Sheet and Cash Flow Data ( in millions) Total assets 11,651 11, % Inventories 2,486 2,502 (0.6%) Receivables and other current assets 2,444 2, % Working capital 2,504 1, % Net cash % Shareholders equity 5,304 5, % Capital expenditure % Net cash generated from operating activities % Per Share of Common Stock ( ) Basic earnings 2) % Diluted earnings 2) % Net cash generated from operating activities % Dividend ) % Share price at year-end % Other (at year-end) Number of employees 46,306 46,824 (1.1%) Number of shares outstanding 209,216, ,216,186 Average number of shares 209,216, ,216,186 1) Restated according to IAS 8, see Note 03. 2) Excluding goodwill impairment of 265 million. 3) Subject to Annual General Meeting approval.
6 / Content / pushing boundaries 01 To Our Shareholders Operational and Sporting Highlights 30 Interview with the CEO 34 Executive Board 40 Supervisory Board 44 Supervisory Board Report 46 Corporate Governance Report including the Declaration on Corporate Governance 51 Compensation Report 56 Our Share Our Group Group Management Report Group Strategy 68 Global Sales Strategy 72 Wholesale Strategy 73 Retail Strategy 74 ecommerce Strategy 77 Global Brands Strategy 78 adidas Strategy 82 Reebok Strategy 88 Other Businesses Strategy 92 TaylorMade-adidas Golf Strategy 92 Rockport Strategy 96 Reebok-CCM Hockey Strategy 98 Global Operations 100 Research and Development 105 Employees 111 Sustainability 117 Group Management Report: This report contains the Group Management Report of the adidas Group, comprising adidas AG and its consolidated subsidiaries, and the Management Report of adidas AG. adidas Group / Annual Report
7 / Content / 03 Financial Review Group Management Report Internal Group Management System 124 Group Business Performance 128 Economic and Sector Development 128 Income Statement 131 Statement of Financial Position and Statement of Cash Flows 137 Treasury 141 Financial Statements and Management Report of adidas AG 145 Disclosures pursuant to 315 Section 4 and 289 Section 4 of the German Commercial Code 147 Business Performance by Segment 150 Wholesale Business Performance 150 Retail Business Performance 152 Other Businesses Performance 154 Subsequent Events and Outlook 157 Risk and Opportunity Report Consolidated Financial Statements Responsibility Statement 186 Auditor s Report 187 Consolidated Statement of Financial Position 188 Consolidated Income Statement 190 Consolidated Statement of Comprehensive Income 191 Consolidated Statement of Changes in Equity 192 Consolidated Statement of Cash Flows 194 Notes 195 Notes to the Consolidated Statement of Financial Position 211 Notes to the Consolidated Income Statement 229 Notes Additional Information 233 Statement of Movements of Intangible and Tangible Assets 238 Shareholdings Additional Information Ten-Year Overview 246 Glossary 250 Index 256 Declaration of Support 257 Publishing Details & Contact 258 Financial Calendar 259 adidas Group / Annual Report
8 km pure effort adidas Group / Annual Report
9 Wilson Kipsang marathon runner more speed winner of the Virgin London Marathon bronze medallist of the Olympic Games in London 2:09:37 h olympic marathon time, london, As bronze medallist of the Olympic Games in London and winner of the Virgin London Marathon in, Wilson Kipsang proved it again. He is one of the best distance runners in the world. Running faster than everybody else is essential to succeed in a marathon. How will adidas Running help Wilson Kipsang and all runners to go even faster in 2013? Pushing Boundaries.
10 Energy Boost a groundbreaking innovation more energy Endless Energy 3 more temperatureresistant than standard eva material In 2013, adidas presents probably one of the most revolutionary innovations in footwear Energy Boost! The shoe features a new cushioning technology that provides the highest energy return to the athlete in the running industry. It combines the usually conflicting performance benefits of soft and responsive cushioning. In cooperation with BASF, the game-changing material was developed over three years. These shoes will help Wilson Kipsang and all other runners to go faster and run even longer. Pushing Boundaries.
11 longitudinal section of the energy boost running shoe sole elements of the energy boost running shoe --- adidas Group / Annual Report
12 8 design sketches of the D Rose adidas Group / Annual Report
13 Derrick Rose BASKETBALL PLAYER more d rose Most Valuable Player 2011 Playing for the Chicago Bulls in the NBA, Derrick Rose is one of the top basketball players in the world. Starting early on with his three brothers on the streets of Chicago, he continued his passion for basketball at high school. In 2008, he entered the NBA and was selected in his first season as Rookie of the Year. Through hard training and self-discipline, he was able to improve his skills. How will adidas Basketball support Derrick Rose and everybody who loves the court to improve their game in 2013? Pushing Boundaries.
14 D Rose 3.5 improvement every day more performance reduced weight through 8 colourways energy return through Designed and developed with Derrick Rose, the D Rose 3.5 offers improved performance, bolder style and more personal details than its predecessor, to deliver the best from the court to the street. The D Rose 3.5 is designed to fit even closer to the foot for faster cuts and increased control, helping all basketball players to improve their performance. Pushing Boundaries.
15 D Rose 3.5 basketball shoe Following the Fibonacci sequence, the design of the D Rose 3.5 represents how Derrick rose s success continues to grow steadily --- adidas Group / Annual Report
16 normally, It takes 25 litres of water to colour 1 shirt --- adidas drydye eliminates the need for water altogether adidas Group / Annual Report
17 DryDye EVERY DROP COUNTS more sustainable 50% less energy 50% fewer chemicals 1,250,000 litres of water saved in In partnership with the Thailand-based Yeh Group, adidas has supported the development of a new technology DryDye. This innovation eliminates the need for water in the dyeing process. It is part of adidas vision to create more environmentally benign products and assume responsibility as a company to make the world a better place. But how did adidas succeed in creating sustainable materials that meet the high adidas performance standards? Pushing Boundaries.
18 Prime Tee DryDye Initiative more functional Launched in early 2013, the DryDye Prime Tee is part of the sustainable DryDye product range. The freshrite antibacterial fabric finish enables athletes to stay fresh and comfortable, the ClimaLite technology ensures quick T-shirt drying. adidas succeeds in developing products which are both high-performance and sustainable. Pushing Boundaries.
19 ClimaLite keeps athletes dry and comfortable adidas Group / Annual Report
20 adidas Originals: setting trends since adidas Group / Annual Report
21 adidas Originals Core Collection back to the roots more nineties Many adidas innovations have had as much impact on street style as they did on the track. This is especially true for the 90s. There are echoes of that era throughout the adidas Originals Core Collection. adidas Originals fuses sports authenticity and global street style, setting trends around the world. How will adidas Originals celebrate this heritage in 2013? Pushing Boundaries.
22 Torsion Allegra W Revival of the '90s more style model available in 23 colour- ways TORSION ALLEGRA LADY launched in Originally introduced in the 90s, the Torsion Allegra Lady running shoe is now back. The new, innovative version, the Torsion Allegra W, has the Torsion support bar on the sole of the shoe and an advanced upper made of synthetic leather. Characteristic of the 90s, the shoe features the iconic three stripes in a modern way. This stylish shoe connects the past with the present and celebrates the authentic heritage of adidas Originals. Pushing Boundaries.
23 : the original torsion allegra lady --- adidas Group / Annual Report
24 14 adidas Group / Annual Report
25 Julie Foucher Reebok crossfit athlete more fit 2nd place in USA points Julie Foucher is one of the fittest women on earth. Placing second at the Reebok CrossFit Games in, she confirmed her high level of fitness. For her CrossFit workouts, it is important to have high-performing shoes with a perfect fit. They should be able to help her to run, jump and stretch. How will Reebok provide her with the ultimate fitness shoe? Pushing Boundaries.
26 RealFlex Fusion TR 2.0 natural movement perfected more flexible flexible more ultralite Reebok s RealFlex technology is all about natural movement and perfect for all kinds of training. Created with numerous individual, multi-directional nodes in the sole, the shoe is designed to give fitness athletes optimised underfoot feedback. The RealFlex Fusion TR 2.0 is engineered with a higher midsole topline to cradle the foot during a variety of movements and is built with more forefoot rubber for additional traction. It is everything Julie Foucher wants a training shoe to be. Pushing Boundaries.
27 RealFlex Fusion TR 2.0: sole with flexible nodes adidas Group / Annual Report
28 16 adidas Group / Annual Report
29 Rich Froning Jr. FITTEST MAN ON EARTH more strength Champion 2011 & USA 1089 points Rich Froning Jr. won the Reebok CrossFit Games twice in a row, defending his title as Fittest Man on Earth in. Combining different fitness disciplines, CrossFit athletes such as Rich Froning Jr. are looking for apparel which guarantees great freedom of movement to be able to perform at their best. How will Reebok serve the world s fittest athletes in 2013? Pushing Boundaries.
30 CrossFit Lite Long Sleeve REEBOK DELTA COLLECTION more play compression Reebok s CrossFit Lite Long Sleeve is an antimicrobial compression top, featuring moisture-wicking PlayDry technology, heat-reflecting fabric technology and rub-reducing flatlock stitching. This top fits like a second skin and provides natural wearing comfort to the fitness athlete by enabling them to fully devote themselves to their performance. Pushing Boundaries.
31 reebok delta collection: be fit for life adidas Group / Annual Report
32 bend the rules with reebok yoga --- comfortable yoga mat for exercises of all kinds adidas Group / Annual Report
33 Tara Stiles YOGA EXPERT more rebel S l i m C a l m S e x y Social media reach: tens of millions Y o g a Y o g a Named the Yoga Rebel by the New York Times, yoga guru Tara Stiles reaches a global audience and brings a fresh take on a traditional sport. With Tara Stiles as global yoga ambassador, Reebok defines yoga as a sport in a completely new and avant-garde way. Reebok is bending the rules and defying convention with an athletic, fun and social take on yoga. How is this unconventional interpretation reflected in Reebok s yoga apparel? Pushing Boundaries.
34 Yoga Pocket Tank REEBOK YOGA COLLECTION more empowered P e r f e c t f o r Regular fit l a y e r i n g Reebok presents a collection which is characterised by bold statement graphics and contemporary urban designs. Implicitly functional, it is complemented and adapted to women's bodies to provide a perfect fit. The Yoga Pocket Tank is designed with a deep racer back for unrestricted back and shoulder motion. With the help of the Reebok yoga collection, yoga practitioners are not restricted in their movement and feel empowered by the natural fit. Pushing Boundaries.
35 key yoga quote from tara stiles yoga capri: bamboo jersey for a smooth feel --- adidas Group / Annual Report
36 customised to every swing: R1 driver adidas Group / Annual Report
37 Dustin Johnson PROFESSIONAL GOLFER more CUSTOMISED since 2008: professional wins constantly top 5 in the pga tour since 2008 in the Open championship 2011: As a professional golfer, Dustin Johnson knows the importance of excellent equipment. Since joining the PGA Tour in 2008, he has consistently ranked among the TOP 5 players each year. Despite an injury in, he recovered and came back even stronger. With the help of industry-leading equipment tailored and customised to his every need, he went on to win the Hyundai Tournament of Champions by four strokes at the beginning of Like Dustin, every golfer strives to achieve their best on the golf course. How is TaylorMade continuing to support golfers with the best and most personalised equipment? Pushing Boundaries.
38 R1 Driver FOR ALL KINDs OF GOLFER more ADJUSTABLE faceangle settings 168 c a n b e t u n e d different ways In 2013, TaylorMade introduces the new R1 driver, which gives the golfer seven face-angle positions to choose from as well as two movable shot-shape weights. It offers twelve loft-sleeve setting positions to help golfers find the loft that delivers the launch conditions to promote maximum distance. Offering the largest scope of adjustability of any driver in the brand s history, the R1 provides the best fit for the widest range of players, from Tour pros to high handicaps. Pushing Boundaries.
39 r1 driver: thick-thin crown technology saves valuable weight large scope of adjustability --- adidas Group / Annual Report
40 22 adidas Group / Annual Report
41 truwalkzero CHALLENGE GRAVITY more comfort engineered comfort through lightness In our fast-moving society, everybody strives for a break and some breathing space. Rockport empowers consumers to do more, be more and live more from weekday to weekend. Rockport shoes fuse contemporary style and engineered comfort. Every shoe has to deliver against this promise this principle is at the heart of everything the brand does. But what exactly could make you look and feel great even after a long day in the office? Pushing Boundaries.
42 truwalkzero CHALLENGE GRAVITY more LIGHTNESS lightness out of this w o r l d Lightness out of this world. truwalkzero are one of the lightest shoes the brand has ever made, without sacrificing an ounce of comfort. Rockport has taken out every unnecessary element to engineer the airiest shoes imaginable. As light as it gets. Pushing Boundaries.
43 23 truwalkzero shoe sole: light and comfortable --- adidas Group / Annual Report
44 24 adidas Group / Annual Report
45 John Tavares ICE HOCKEY PLAYER more power national hockey league (NHL) player in the nhl all-star game Canadian-born John Tavares, drafted first overall in 2009 to the National Hockey League, started his career as centre for the New York Islanders. In, he was voted as best NHL player during the month of January and finished the year with a gold medal for Canada at the Spengler Cup. To deliver a perfect game and transcend their own limits, ice hockey players need equipment that enables them to play their game with the highest intensity and impact. How will Reebok-CCM Hockey keep driving the power and the action out on the ice in 2013? Pushing Boundaries.
46 RBZ Skate SPEED TO EXTREME more explosive increased turning radius by up to 10% speedblade holder The brand-new CCM RBZ skate is engineered to provide the most extreme foot speed in ice hockey. This skate enables the player s power to be enhanced by greater responsiveness and explosive moments. It features new custom-support insoles, the advanced SpeedCore composite quarter package for powerful turns and the latest SpeedBlade +4.0 holder, which gives extra height off the ice, resulting in the most explosive angle of attack in ice hockey. Pushing Boundaries.
47 horizontal deflection less torsion --- vertical deflection --- adidas Group / Annual Report
48 One team, one goal: innovations that break new ground. was once again a year characterised by pioneering innovations, creativity and remarkable success stories. The section dividers will give you a glimpse into some of our game-changing products and technologies which, together with our exceptional partnerships with some of the greatest athletes and icons, all have one thing in common: Pushing Boundaries.
49 pushing boundaries
50 One team, one goal: pushing boundaries through innovation and achievements. Always up to date Lead, don t copy. Adi Dassler The new Investor Relations and media app keeps investors, shareholders, journalists and other interested stakeholders up to date with the latest Group and brand news. Working out 1,050 feet above the streets of NYC adidas Golf presents adizero Revolutionising the fit, feel and shape of adidas Golf footwear, the new adizero line has been specially built on the principle that you start with zero and add only what is essential to perform. US Open final in New York Andy Murray vs. Novak Djokovic A 4 hour 54 minute match Andy s first Grand Slam title Olympic gold in London earlier in the year Andy s most successful year yet Reebok takes fitness to new heights with a unique workout at the top of the Empire State Building. Five Ten has been pushing the boundaries of climbers since The revolutionary Stealth rubber makes climbing easier in the world s most dangerous sport. energy BOOST! Probably one of the most exciting innovations in 2013.
51 To our Shareholders To Our Shareholders Operational and Sporting Highlights 30 Interview with the CEO 34 Executive Board 40 Supervisory Board 44 Supervisory Board Report 46 Corporate Governance Report including the Declaration on Corporate Governance 51 Compensation Report 56 Our Share 60
52 1 To Our Shareholders Operational and Sporting Highlights / 01.1 / Operational and Sporting Highlights Q1 Q2 jan 09. adidas sponsored Lionel Messi is voted World Footballer of the Year for the third time in a row. / Picture adidas opens the doors to its fourth Brand Centre worldwide, in the city of Shanghai. The store is one of the Group s largest, spanning 2,800m². 15. Reebok kicks off its new brand campaign The Sport Of Fitness Has Arrived. The campaign builds upon Reebok s conviction that fitness can be as engaging as any sport. / Picture Europe s first stand-alone adidas SLVR store opens in Berlin during Mercedes-Benz Fashion Week. The store is located in Mitte, one of the most vibrant and trendsetting areas of Berlin. 30. adidas and Porsche Design Group announce the next step in their collaboration by entering into a new contract. APR 05. Rockport launches the revolutionary truwalkzero footwear collection in New York City. The collection focuses on lightweight and features performance technologies by adidas and Rockport that allow for a natural full range of motion and stellar comfort. 16. adidas sponsored Sharon Cherop wins the 116th Boston Marathon. / Picture Internationally acclaimed supermodel Miranda Kerr is announced as the latest EasyTone ambassador in Reebok s Satisfaction campaign. / Picture The Reebok CrossFit Regionals kick off. Taking place in 17 locations worldwide, these regional competitions make up the second stage of the CrossFit Games on the road towards crowning the next two Fittest on Earth. / Picture Feb 02. The first adidas NEO label store opens its doors to the public in Hamburg, Germany. The adidas NEO label focuses on 14- to 19-year-olds with a unique and fresh fast-fashion offering. The store in Hamburg is the first of ten to be opened in Germany. / Picture TaylorMade promotes its R11S driver by appealing to consumers emotions with the Driver Love campaign. The effort is focused on the strong bond golfers have with their favourite clubs. / Picture adidas and Dwight Howard launch the adipower Howard 2 signature basketball shoe. It features a signature shattered glass graphic throughout the shoe as a nod to Dwight s power and history of bringing down backboards. MAy 27. The first adidas Brand Centre in Russia opens in Moscow. In the 1,100m² store, consumers will find more than 3,000 items representing the full spectrum of the adidas brand. 01. adidas launches the Predator Lethal Zones football boot. The boot is composed of five, superlight (SL) rubber and memory foam 3-D zones, each designed to support perfect ball control. / Picture adidas sponsored football club Chelsea FC wins the UEFA Champions League. / Picture The first adidas by Stella McCartney global flagship store opens in London. 13. adidas and UEFA launch the adidas Finale Munich, the Official Match Ball for the UEFA Champions League Final. / Picture adidas Golf introduces Puremotion, a natural movement golf shoe. Inspired by the concept of barefoot training, the shoe is designed to provide extreme comfort both on and off the course. / Picture 13 MaR 14. adidas AG issues a convertible bond, due on June 14, 2019, for an aggregate nominal amount of 500 million. The bonds are convertible into 5.99 million new or existing adidas AG shares. 19. TaylorMade-adidas Golf announces the acquisition of Adams Golf, Inc. The addition of Adams Golf enables TaylorMade-adidas Golf to broaden its product range and to extend its presence across a wider array of golfers. 20. adidas Golf unveils its Samba Golf Majors Collection for which includes four limited-edition colourways, individually numbered. / Picture adidas, Official Sportswear Partner of Team GB and Paralympics GB, presents the team kit that will be worn by the British athletes at the London Olympic and Paralympic Games. It was designed by Stella McCartney. 22. The Reebok Classics campaign It takes a lot to make a Classic is launched in the USA. Through an integrated global marketing campaign, Reebok is reaffirming its heritage and reclaiming its position as an authentic classics brand. JUN 31. Reebok Classics and Marvel Entertainment, LLC join forces to create a 10-silhouette sneaker capsule collection featuring some of Marvel s most memorable characters. / Picture The UEFA EURO kicks off in Poland and Ukraine. adidas supplies the Official Ball of the tournament, equips officials, referees and volunteers, and outfits the teams Spain, Germany, Ukraine, Greece, Denmark and Russia. 21. adidas announces that the brand expects to achieve record sales of well over 1.6 billion in the football category in, surpassing even record sales from the World Cup year 2010 ( 1.5 billion in sales). 26. adidas AG signs a 500 million revolving credit facility. The facility is another step in securing the Group s financial flexibility and ensures long-term cost-effective financing. 27. The adidas Group 2011 Annual Report claims three significant awards: the prestigious red dot design award, an if communication design award and the Best of Corporate Publishing (BCP) Gold Award. 29. adidas unveils the latest chapter of its adidas is all in brand campaign. Featuring brand ambassadors such as Lionel Messi, David Beckham, Derrick Rose and Katy Perry, the campaign concept takes away the boundaries of fame, money, age, gender and geography and showcases that passion unites us all. / Picture 07 adidas Group / Annual Report
#-AD1DA5-G80up-#1 adidas Group At a glance 2 0 1 2 222 mm adidas Group Geschäftsbericht adidas Group Annual Report Targets Results Outlook Targets Results 1) Outlook 2013 Currency-neutral sales development:
For immediate release Herzogenaurach, May 6, 2014 First Quarter 2014 Results: Group sales stable on a currency-neutral basis Results significantly impacted by negative currency effects adidas Group confirms
MAKE A DIFFERENCE Q1 2015 Results Roadshow Presentation OPERATIONAL HIGHLIGHTS 2 ROCKPORT DIVESTITURE Definitive agreement to sell the Rockport business for a total consideration of up to $ 280 million
FOR IMMEDIATE RELEASE Herzogenaurach, November 5, 2015 Nine Months 2015 Results: adidas Group records stellar financial performance in Q3 2015 and raises full year guidance Major developments in Q3 2015
FOR IMMEDIATE RELEASE Herzogenaurach, August 6, 2015 First Half 2015 Results: adidas Group records strong top-line momentum in Q2 2015 and confirms full year guidance Major developments in Q2 2015 1 Robust
2008 Full Year Roadshow Robin J. Stalker, CFO March 2009 Agenda 2008 Operational Highlights 2008 Financial Highlights Outlook and Strategic Initiatives 2009 Summary 2 Strong Momentum At adidas And TaylorMade
UBS Best of Germany Conference Robin J. Stalker September 13, 2006 New York Strong First Half 2006 Operational Performance 2006 FIFA World Cup strengthens adidas position as the world s leading football
pushing boundaries First Quarter Report January March 2013 Table of Contents 01 To Our Shareholders 01.1 01.2 01.3 01.4 01.5 First Quarter Results at a Glance 3 Financial Highlights 4 Operational and Sporting
METRO GROUP increases sales in a challenging consumer environment Sales rose by 1.2% to 66.7 billion (adjusted for portfolio measures: +2.3%); EBIT before special items reached around 2.0 billion Operating
adidas the story of a logo The 3-Stripes mark is without doubt the quintessential adidas symbol. It was created by the adidas company founder, Adi Dassler, and first used on footwear in 1949. Dassler created
The impact of corporate reputation on business performance Graham McWilliam, Group Director of Corporate Affairs PR Week Reputation Management Strategy Conference 27 November 2012 Thanks James. I m going
Transcript of Participants Jim Byers Investor Relations, MKR David Dunlap Chief Financial Officer Analysts Brian Swift Security Research Associates Al Troy Private Investor Presentation Greetings and welcome
Restated Consolidated Financial Statements as at December 31, 2011 (including the adjusted adidas AG Opening Consolidated Statement of Financial Position (IFRS) as at January 1, 2011) This excerpt from
GrandVision reports 2.8 billion Revenue and 449 million EBITDA for 2014 Schiphol, the Netherlands 18 March 2015. GrandVision N.V. publishes Full Year and Quarter 2014 results. 2014 Highlights Revenue grew
PRESS RELEASE GENERAL SHAREHOLDERS MEETING Ana Botín: Santander is well positioned to face the challenges. We will lead change Banco Santander has room for growth within our customer base and in our ten
6 ideas How to promote your sports event through charity Stay in touch with us on Raise money for your favorite charity Content What is BetterNow About the author What is peer-to-peer fundraising Introduction:
FOSSIL GROUP, INC. REPORTS FOURTH QUARTER AND FISCAL YEAR 2014 RESULTS; Fourth Quarter Net Sales of $1.065 Billion; Diluted EPS Increases 12% to $3.00 Fiscal Year 2014 Net Sales Increase 8% to $3.510 Billion;
The Sports Market Major trends and challenges in an industry full of passion The sports industry today is a wide-reaching business that spans the field of play from the food and memorabilia stands at the
WE ARE SHOWROOMPRIVE.com FY2015 RESULTS February, 16 th 2016 I BUSINESS UPDATE AND 2015 RESULTS HIGHLIGHTS 2015: A YEAR FULL OF ACHIEVEMENTS A STRONG AND PROFITABLE GROWTH 443m net sales and 24m EBITDA
GERRY WEBER International AG Report on the first nine months of 2003/2004 Report on the nine-month period ended July 31, 2004 WKN: 330 410 ISIN: DE0003304101 The GERRY WEBER share: While the stock market
Industry Update 2015 What we would like to achieve today: An overview of the challenges that the industry is facing An update on the work so far How we move forward from here Discuss the power and understand
date 23 February 2012 more information e-mail Jan Aalberts / John Eijgendaal firstname.lastname@example.org phone +31 (0)343 565 080 Press Release Aalberts Industries realises strong growth in revenue (15%) and earnings
2014 FIRST HALF RESULTS: CONTINUED GROWTH Organic sales growth of 4.3% Increase in Recurring Operating Income of +13.8% Strong increase in adjusted net income, Group share of +16.7% Strong profit growth
Pensions Management Funding Pension Liabilities Is Becoming a Key Area of Corporate Finance Focus In recent years, managing pension liability risk has increasingly featured on the agendas of CFOs. AUTHORS:
Never standing still. Interim Report as of June 30, 2013 Contents 2 Key figures as of June 30, 2013 1st half 3 Key figures as of June 30, 2013 2nd quarter 6 Strong revenue growth 12 Consolidated interim
FOSSIL GROUP, INC. REPORTS THIRD QUARTER RESULTS Third Quarter Net Sales Increase 10% to $894 Million; Diluted EPS Increases 24% to $1.96 Updates Full Year Guidance and Provides Fourth Quarter Guidance
Amadeus Master Pricer Sales & e-commerce A new era of fare search technology 2 Amadeus Master Pricer Amadeus Master Pricer As your technology partner, Amadeus is committed to ensuring that you remain at
emarket Services makes it easier to use emarkets for international business MARIANNE BRUCY, INTERNATIONAL & BUSINESS DEVELOPMENT DIRECTOR AT SHOWROOMPRIVE: WE CREATE CAMPAIGNS THAT RESPOND TO BRANDS' NEEDS
Ahlers AG, Herford ISIN DE0005009708 and DE0005009732 I N T E R I M R E P O R T for the first six months of the 2006/07 financial year (December 1, 2006 to May 31, 2007) BUSINESS DEVELOPMENT IN THE FIRST
Press release BÖWE SYSTEC AG Werner-von-Siemens-Str.1 D-86159 Augsburg Contact: Alfred Just Augsburg, 14 April, 2003 BÖWE SYSTEC AG ends the 2002 business year with a new high in pre-tax results dividend
Overview The Quick Read Performance highlights 17,123 million Revenue +6.1% 2,697 million EBIT (beia) +2.8% 1,584 million Net profit (beia) +8.8% 164.6 million hectolitres Consolidated beer volume +12.8%
3/2012 Quarterly Financial Report Sales up by over 27 % to more than 35 million EBIT improved by 20 % to 3.4 million Quarterly Financial Report 3/2012 Dear shareholders, employees, partners and friends
LIVE NATION ENTERTAINMENT REPORTS FOURTH QUARTER AND FULL YEAR 2014 RESULTS Full Year 2014 - Record Year Record Setting Ticketmaster GTV of $23 Billion TM+ GTV Over $1 Billion Since Launch Over 1 Billion
sporting index group corporate factsheet the sporting index group Sporting Index was founded in 1992 and is well known as the undisputed world leader in sports spread betting, dominating the global market
We do what we say we will do. Investor Presentation March 2013 1 Forward-Looking Statements Certain statements in this document are forward-looking statements, which reflect management s current beliefs
1983, 1993, 2003 Mars, Incorporated Printed on environmentally friendly paper, 100% chlorine free in manufacture Mars, Incorporated The Five Principles of Mars Quality Responsibility Mutuality Efficiency
FOR IMMEDIATE RELEASE O-I REPORTS FULL YEAR AND FOURTH QUARTER 2014 RESULTS O-I generates second highest free cash flow in the Company s history PERRYSBURG, Ohio (February 2, 2015) Owens-Illinois, Inc.
21 May 2013 bwin.party digital entertainment plc Interim Management Statement and Q1 2013 Key Performance Indicators Clean EBITDA in the first quarter was in line with the Board s expectations due to cost
2 0 1 4 HALF YEAR REPORT AS OF JUNE 30 T O O U R S H A R E H O L D E R S Dear shareholders, ladies and gentlemen, The Nemetschek Group continued its successful development in the second quarter of 2014
Delta Galil Reports 2016 First Quarter Results Sales Rise to $256.7 Million; Net Income to Shareholders is $7.9 Million Reaffirms 2016 Guidance; Sales Expected to Reach $1,090 Million-$1,110 Million and
Why some merging companies become synergy overachievers Some outperformers justify higher targets because they know how to achieve them. By Laura Miles, Adam Borchert and Alexandra Egan Ramanathan in conjunction
The 2013 2014 UK Reputation Dividend Study 2014 Reputation Dividend Headlines and Highlights Corporate reputations delivering more shareholder value to UK companies than at any time since 2007 Combined
START YOUR OWN INTERNET BUSINESS TODAY Become an Internet Marketing Consultant. Profit by helping every enterprise to sell more on the net. Join our international community of franchise partners. Affordable
Comparing Racing and Football by Mr. Nic COWARD, Chief Executive of the British Horseracing Authority It was an interesting fact for me to come from English football, which I thought was very old and very
Investor Day 2014 Group Financial Outlook and Strategy Mark Langer, CFO Paris, November 19, 2014 HUGO BOSS 19-Nov-14 2 Agenda Review of past financial performance Current trading update Financial implications
Check against delivery Hans Dieter Pötsch Speech at the Annual Media Conference and Investor Conference on March 13, 2014 Part II Good morning, Ladies and Gentlemen, I, too, would like to wish you a very
132,000 BRAND REPORTS WHAT ARE THE BENEFITS OF CELEBRITY-BASED CAMPAIGNS? Celebrities are used in advertising around the world. The right celebrity, used in the right way, can undoubtedly be a powerful
Limoges, February 12, 2015 2014 performances in line with targets Group development initiatives actively pursued On the closing of full-year accounts for 2014, Gilles Schnepp, Legrand Chairman and CEO,
On a mission to reduce traffic congestion for all TomTom s Traffic Manifesto TomTom s Traffic Manifesto 1 Foreword Traffic congestion is an issue that virtually every driver has to contend with at some
FURTHER PROFIT GROWTH IN FIRST-HALF 2015 Net sales of 37.7bn, up +5.2% (+2.9% on an organic basis) Growth in Recurring Operating Income: 726m, +2.6% at constant rates Strong growth in adjusted net income,
HOW TO PLAY JustBet What is Fixed Odds Betting? Fixed Odds Betting is wagering or betting against on odds of any event or activity, with a fixed outcome. In this instance we speak of betting on the outcome
Sandler O Neill Global Exchange & Brokerage Conference June 6, 2013 Disclaimer The following information contains certain forward-looking statements that reflect the Company's current views with respect
PRESS RELEASE Paris, February 17, 2011 2010 Results Outstanding operating and financial performances Recurring net income from continuing operations Group share surges 56% Recurring operating income up
Press Release HUGO BOSS Nine Months Results 203 HUGO BOSS increases sales and profitability Accelerating growth momentum in Group s own retail business supports sales expansion in third quarter Rise in
RECRUITING SERVICES Amadeus FiRe AG Unaudited Financial Report Quarter I - 2015 Temporary Staffing. Permanent Placement Interim Management. Training www.amadeus-fire.de Unaudited Amadeus FiRe Group Financial
Six-Months Report January 1 June 30 2015 Trig Social Media AB (publ) Corporate Identity Number 556788-2807 SIX MONTHS REPORT, JANUARY 1 - JUNE 30, 2015 1 Six Months, January - June 2015 Net sales amounted
REWARDS you will love. 2013-2014 REWARDS BOOK 1 A MESSAGE FROM THE FOUNDER PATTY BRISBEN The best year of your life starts today. This minute. This is the year it all comes together, the year you empower,
EN Trig Social Media AB (publ) Corporate Identity Number: 556788-2807 Three Months Report January 1 March 31, 2015 First Quarter, January - March 2015 Net sales amounted to 26 337 Euro Operating loss amounted
Press Munich, July 31, 2014 Good Q3 Results Challenges in Energy Sector Third Quarter, Fiscal 2014 Joe Kaeser President and CEO of Siemens AG Check against delivery. Third Quarter, Fiscal 2014 Thank you
Annual General Meeting of Beiersdorf AG, Hamburg March 31, 2015 Speech by Stefan F. Heidenreich Chairman of the Executive Board Check against delivery Page 1 / 9 Dear shareholders, ladies and gentlemen,
International Conference Call Natura 2 nd Quarter 2012 Earnings Results July 27, 2012 Operator: Good morning ladies and gentlemen. At this time we would like to welcome everyone to Natura s 2012 2 nd Quarter
DIALOG SEMICONDUCTOR REPORTS FOR FOURTH QUARTER AND YEAR ENDED 31 DECEMBER 2012 RESULTS Company confirms full year revenue of $774 million and record full year EBIT of $91 million Kirchheim/Teck, Germany,
EUROPE S LEADING ONLINE FASHION DESTINATION Q3 2015 Earnings Call 12 November 2015 Results highlights and business update 1 ACCELERATING GROWTH THROUGH TARGETED INVESTMENTS Strong Growth revenue accelerates
OpinionLab s CUSTOMER FEEDBACK INDEX Report July 2013 About the Customer Feedback Index The Customer Feedback Index (CFI) is a proprietary measure of brand health, calculated on a 0 to 1000 scale, which
Marina Bay Sands George Tanasijevich President and CEO of Marina Bay Sands MBS Starts Strong and Continues to Ramp Marina Bay Sands Starts Strong and Continues to Ramp Adjusted Property EBITDA and Adjusted
Unaudited results for the first quarter ended 31 October 2010 Sportingbet Plc, a leading online sports betting and gaming group, announces its results for the quarter ended 31 October 2010. Key Highlights
KBT 2 September K3 BUSINESS TECHNOLOGY GROUP PLC ( K3 or the Group ) Announces Half Yearly Report For the six months Key Points Encouraging results in more difficult trading environment demonstrate resilience
Herman Miller, Inc. First Quarter Fiscal 2016 Investor Conference Call September 17, 2015 The following document is a replication of the notes used in Herman Miller, Inc. s First Quarter Fiscal 2016 conference
Global @dvisor The Economic Pulse of the World Citizens in 24 Countries Assess the Current State of their Country s Economy for a Total Global Perspective The Economic Pulse These are the findings of the
PRESS RELEASE Ströer continuing on its profitable course of digital growth in Q3 and significantly raising its guidance for both 2015 and 2016 Ströer anticipating consolidated revenue of between EUR 1.1b
SWIM INTO DATA TO BEST SUPPORT TOP MANAGEMENT DECISION IN A DYNAMIC AND COMPETITIVE MARKET SAS SeUGI 20 Paris, June 13th 2002 Cristiano Portas -Arena GroupCEO 1 Agenda 2 Subject Who Timing Introduction
Meeting with Investors & Analysts December 17 th, 2013 9-Months 2013 - Results 9 Months - 2013 Revenues: 39,6 m (+16,2% vs. 9-months 2012) of which 54% International (vs. 40,1 m Full Year 2011) 26% Software
pushing boundaries First Half Year Report January June 2013 Table of Contents 01 To Our Shareholders 01.1 01.2 01.3 01.4 01.5 First Half Year Results at a Glance 3 Financial Highlights 4 Operational and
Accelerating for the future // Heikki Takala, President & CEO Amer Sports Sustainable Growth Model (SGM) We pursue a Sustainable Growth Model: profitable growth and healthy balance sheet. Our SGM consists
4 October 2011 Bank of America Merrill Lynch Banking & Insurance CEO Conference Bob Diamond Thank you and good morning. It s a pleasure to be here and I d like to thank our hosts for the opportunity to
Herman Miller, Inc. First Quarter Fiscal 2015 Investor Conference Call September 18, 2014 The following document is a replication of the notes used in Herman Miller, Inc. s First Quarter Fiscal 2015 conference
sporting index group corporate factsheet the sporting index group Sporting Index was founded in 1992 and is well known as the undisputed world leader in sports spread betting, dominating the global market
CEO Interview Isao Moriyasu, President and CEO June 2015 1. Fiscal 2014 Results Q: Looking back on fiscal 2014, the year ended March 31, 2015, could you discuss the results achieved as well as the progress
GLAZER FAMILY FOUNDATION VISION PROGRAM Since 2006, the Glazer Family Foundation Vision Program has helped detect and correct vision problems for Central Florida s most underprivileged youth through on-site
PRESS RELEASE First Quarter Sales Show Growth of PUMA Currency effects weigh on reported margins Herzogenaurach, May 6, 2015 2015 First Quarter Facts Sales up by 4.4% currency-adjusted (+13.2% reported)
Mobile Apps: What Consumers Really Need and Want A Global Study of Consumers Expectations and Experiences of Mobile Applications The Difference Between a Mobile App and a Mobile Website Before we evaluate
DENSITRON TECHNOLOGIES PLC PRELIMINARY UNAUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 2014 Densitron Technologies plc ( Densitron or the Company or the Group ), the designer, developer and distributor