Adidas Launches $656 Million Buyback
29 June 2021 - 11:05PM
Dow Jones News
By Pietro Lombardi
Adidas AG will buy back shares worth up to 550 million euros
($656 million) through the end of the year.
The German sporting-goods company said Tuesday that, including
the dividend it paid in May, the cash it expects to return to
shareholders this year should exceed EUR1 billion.
"The decision to resume our share buyback activities reflects
adidas' strong financial profile, our positive outlook for the
current year and the successful start to our new strategy," said
Chief Financial Officer Harm Ohlmeyer.
Write to Pietro Lombardi at pietro.lombardi@wsj.com;
@pietrolombard10
(END) Dow Jones Newswires
June 29, 2021 09:00 ET (13:00 GMT)
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