trending Market Intelligence /marketintelligence/en/news-insights/trending/WKyfTcf6Rj2J7t3wNp5XLA2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Adidas swings to loss in Q4

Blog

So, the data lakehouse is now officially a ‘thing’ – what is it and why should you care?

Blog

Industry Top Trends 2021: Oil and Gas

Blog

Charter, DIRECTV and Comcast rank as the top 'RSN-friendly' MVPDs

Industry Top Trends 2021: Metals and Mining


Adidas swings to loss in Q4

adidas AG said its normalized net income for the fourth quarter came to a loss of 3 euro cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 6 cents per share.

The per-share result swung to a loss from the prior-year profit of 2 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of €5.0 million, compared with income of €4.6 million in the year-earlier period.

The normalized profit margin dropped to negative 0.1% from 0.1% in the year-earlier period.

Total revenue rose 12.5% on an annual basis to €4.69 billion from €4.17 billion, and total operating expenses increased 12.1% from the prior-year period to €4.66 billion from €4.16 billion.

Reported net income came to a loss of €9.0 million, or a loss of 5 cents per share, compared to a loss of €35.9 million, or a loss of 18 cents per share, in the prior-year period.

For the year, the company's normalized net income totaled €4.10 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of €4.88.

EPS rose 22.1% from €3.35 in the prior year.

Normalized net income was €844.3 million, an increase of 24.9% from €675.9 million in the prior year.

Full-year total revenue rose 14.0% on an annual basis to €19.29 billion from €16.91 billion, and total operating expenses rose 13.2% year over year to €17.89 billion from €15.80 billion.

The company said reported net income increased 51.4% on an annual basis to €1.03 billion, or €4.99 per share, in the full year, from €679.2 million, or €3.37 per share.