Adidas Wants To Buy 1 Billion 500 Million Euro Stock

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Xiaobian of the network to introduce the German Adidas to buy back 1 billion 500 million euros stock.

In October 1st, Adidas group announced the 1 billion 500 million euro return plan in the next 3 years.

The form of repurchase is reflected. Meanwhile, the group said it will continue to issue its annual dividend with 20%~40% of net profit.

Robin Stalker, chief financial officer of Adidas group, said it would buy back 20 million 920 thousand shares of common stock by May 7, 2019, and the repurchase price would be 10% less than the market price. The buyback plan will be officially launched in the fourth quarter of this year.

The share buyback plan is

A decision made in order to appease shareholders after a very weak performance and shareholder dissatisfaction.

In the two quarter of this year, the group's net profit was 145 million euros, which was weaker than analysts' expectations of 150 million euros, down 15.2% from 1.71 dollars a year earlier, and earnings per share were 0.69 euros, down 16% from 0.82 euros in the same period last year.

Weak performance dissatisfied shareholders.

In addition, the group's Reebok Reebok brand, which was purchased in 2006 for 3 billion euros, also disappointed investors.