Adidas proposes flat dividend and plans for growth
- Adidas proposes flat dividend for 2023
- Net loss of EUR75 million in 2023
- Plans to return to paying annual dividends
- Decline in sales by 5% to EUR21.43 billion
- Expects double-digit growth in second half of the year
- Reducing elevated inventories in North American market
Adidas has announced a net loss of EUR75 million in 2023, compared to a profit of EUR612 million in 2022. The company plans to propose a flat dividend of EUR0.70 per share and aims to return to its policy of paying annual dividends to shareholders. Despite the decline in sales by 5% to EUR21.43 billion, Adidas expects its underlying business to grow at a double-digit rate in the second half of the year. However, growth in the first half will be impacted by efforts to reduce elevated inventories in the North American market.
Factuality Level: 8
Factuality Justification: The article provides factual information about Adidas proposing a flat dividend for 2023, its financial performance in the previous year, plans for dividends, and expectations for growth. The information is presented objectively without sensationalism or bias. There are no significant digressions or irrelevant details, making the article informative and to the point.
Noise Level: 3
Noise Justification: The article provides relevant information about Adidas proposing a flat dividend for 2023, its financial performance, and plans for the future. It includes details on the company’s net loss, dividend proposal, and growth expectations. The article stays on topic and supports its claims with data and examples. However, it lacks in-depth analysis, accountability of decision-makers, and actionable insights, which prevents it from scoring higher.
Financial Relevance: Yes
Financial Markets Impacted: Adidas
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to financial topics as it discusses Adidas’ dividend proposal and its financial performance. There is no mention of an extreme event.
Public Companies: Adidas (ADDYY)
Key People: Pierre Bertrand (Author)
Reported publicly:
www.marketwatch.com 
