1044 GMT - Adidas gives an upbeat tone despite market volatility, Baader Helvea Equity Research analyst Volker Bosse writes in a note. The German sporting-goods company built an impressive track record to deliver on its promises in 2024, Bosse says. The group was able to increase its guidance in the course of the year and exceed its financial targets helped by strong brand momentum, he adds. The analyst confirms operating profit estimates of 1.87 billion euros, above the company's guidance range. He raises sales expectations to 25.81 billion euros in 2025, up from a prior forecast of 24.99 billion euros. That said, Adidas CEO Bjorn Gulden noted that tariffs in the U.S. could negatively impact the retail market going forward. Shares are up 1.3%. (andrea.figueras@wsj.com)
(END) Dow Jones Newswires
March 19, 2025 06:44 ET (10:44 GMT)
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