adidas: UBS still a buyer after results
(CercleFinance.com) - adidas reported better-than-expected Q4 results on Wednesday.
UBS confirms its Buy recommendation on the stock, with an unchanged price target of E280 after these results were announced. This TP represents 15% upside potential for the share.
Adidas has just published its Q4 results, with sales of E5,965m, some 11% ahead of forecasts. At E5,358m (vs. E5,594m for UBSe), sales growth at neutral exchange rates was +19% (ex-Yeezy +18%) vs. +14% (for UBSe +19%), UBS says.
Q4 gross margin was 49.8% (up +520 bp) and Q4 EBIT was E57m (vs. -E60m), the broker adds.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
UBS confirms its Buy recommendation on the stock, with an unchanged price target of E280 after these results were announced. This TP represents 15% upside potential for the share.
Adidas has just published its Q4 results, with sales of E5,965m, some 11% ahead of forecasts. At E5,358m (vs. E5,594m for UBSe), sales growth at neutral exchange rates was +19% (ex-Yeezy +18%) vs. +14% (for UBSe +19%), UBS says.
Q4 gross margin was 49.8% (up +520 bp) and Q4 EBIT was E57m (vs. -E60m), the broker adds.
Copyright (c) 2025 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.