1338 GMT - Adidas' guidance for 2025 mirrors a cautious view of geopolitical and macroeconomic risks, Warburg analyst Joerg Philipp Frey writes in a note. For the current year, the German sporting-goods company forecasts currency-neutral sales growth at a high single-digit rate and an increase in operating profit to between 1.7 billion and 1.8 billion euros. "U.S. tariffs are obviously in the limelight and, while management highlights this risk, the current proposals are not an issue for Adidas as its exports from China to the U.S. are very small," the analyst says. This would change if key sourcing countries, like Vietnam or Indonesia, were also affected by levies, he adds. Shares are down 1% at 224.50 euros. (andrea.figueras@wsj.com)
(END) Dow Jones Newswires
March 11, 2025 09:38 ET (13:38 GMT)
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