- Markets
Find out what influences market movements by browsing through our tailor made product pages.
- Trading Platforms
Maximise your investment opportunities
Trading Platforms
In order to ensure our customers have the best trading experience. We are proud to introduce our suite of trading platforms.
- Accounts
All accounts can be opened using one application form.
OPEN A LIVE ACCOUNT
The application process is simple and straightforward. You can complete the online application form and be trading in minutes.
- Academy
Here you will find all the details regarding One Financial Markets educational offering
TRADING ACADEMY
Working through each of our six online modules, detailed below, you can develop your trading confidence
- Newsroom
The latest news in the Financial Markets from across the globe.
LATEST NEWS
Make sure you don't miss out on what's going on in the world around you, keep up to date with our market commentary and daily market update videos.
- Contact Us
Adidas shares rise on strong Q2 results, upbeat outlook
Investing.com – Shares of Adidas AG (ETR:ADSGN) were up on Wednesday following its results for the second quarter of 2024, driven by a resurgence of its brand momentum. The company reported double-digit top-line growth, improved profitability, and a healthier inventory position.
The company said its currency-neutral sales jumped by 11% in the second quarter, with the underlying Adidas (OTC:ADDYY) brand accelerating to 16% growth. This growth was evident across all channels and markets.
Based on the Q2 results, Adidas raised its full-year revenue guidance to a high-single-digit increase and projected an operating profit of around €1.0 billion.
“The additional detail confirms strong and broad based revenue growth in 2Q24 across regions, categories and channels,” said analysts from RBC Capital Markets in a note.
Underlying gross margin improved by approximately 1.5 percentage points to 50.5%, despite currency headwinds. Operating profit climbed to €346 million from €176 million in the prior year.
Footwear, particularly in Originals and Football, led the revenue growth. Apparel also showed improvement, driven by successful jersey sales and expanding product offerings.
Both lifestyle and performance segments reported double-digit growth, fueled by popular product lines, collaborations, and successful product launches.
Adidas reported strong double-digit growth in Europe, Emerging Markets, and Latin America, while North America was impacted by the decline of the Yeezy business.
The company achieved a gross margin improvement through better sell-throughs, lower costs, reduced discounting, and a favorable product mix.
Adidas maintained a healthy inventory level of €4.5 billion, positioning the company for sustained top-line growth.
The global sportswear giant attributed its strong performance to increased consumer interest in its products and successful marketing campaigns, including those around major sporting events like the UEFA Euro 2024 and the Copa América.
Begin trading today! Create an account by completing our form
Privacy Notice
At One Financial Markets we are committed to safeguarding your privacy.
Please see our Privacy Policy for details about what information is collected from you and why it is collected. We do not sell your information or use it other than as described in the Policy.
Please note that it is in our legitimate business interest to send you certain marketing emails from time to time. However, if you would prefer not to receive these you can opt-out by ticking the box below.
Alternatively, you can use the unsubscribe link at the bottom of the Demo account confirmation email or any subsequent emails we send.
By completing the form and downloading the platform you agree with the use of your personal information as detailed in the Policy.