Core Insights - Adidas has reported a strong performance in Q1 2025, with global revenue reaching €6.153 billion (approximately ¥50.958 billion), marking a 13% increase year-over-year [1] - The company's operating profit surged from €336 million to €610 million, reflecting an 82% year-over-year growth, while the gross margin improved by 0.9 percentage points to 52.1% [1] - In the Chinese market, Adidas achieved revenue of €1.029 billion (approximately ¥8.523 billion), also up 13% year-over-year, marking the eighth consecutive quarter of growth in this region [1] Market Strategy - The growth in performance is attributed to Adidas's localization strategy in China, which has been implemented over the past two to three years [3] - The General Manager of Adidas Greater China, Xiaojia Le, emphasized that the company's success is a result of favorable market conditions and the rising trend in sports consumption in China [3] - Adidas is actively engaging with young athletes, having recently signed Olympic swimming champion Pan Zhanle as a brand ambassador, and is committed to supporting the development of young talent in various sports [3] Financial Performance - All markets and channels reported double-digit growth in Q1, with an operating profit of €610 million and an operating margin of 9.9%, showcasing the company's significant potential [3] - However, the CEO of Adidas, Gulden, noted that increased tariffs imposed by the U.S. on multiple countries may introduce uncertainties into the company's performance for the year [3]

大公司： 阿迪达斯第一季度净利润4.28亿欧元，市场预估3.764亿欧元 阿迪达斯第一季度毛利32.1亿欧元，市场预估31.6亿欧元，净利润4.28亿欧元，市场预估3.764亿欧元， 除税前利润5.85亿欧元，市场预估5.197亿欧元。 阿迪达斯仍然预测全年营业利润17亿欧元至18亿欧 元，市场预估20.4亿欧元。（智通财经） 恩智浦半导体第一季度营收28.4亿美元，高于市场预期 恩智浦半导体当地时间4月28日公布第一财季业绩，2025年第一季度营收28.4亿美元，同比下降9%，市 场预期28.3亿美元；一季度调整后EPS为2.64美元，市场预期2.6美元。该公司首席执行官Kurt Sievers将 于2025年年底离职。（界面） Sabre以11亿美元向TPG出售酒店解决方案业务 全球旅游技术公司Sabre与另类资产管理公司TPG已签署最终协议，TPG同意以11亿美元现金收购Sabre 旗下酒店解决方案业务（Hospitality Solutions）。TPG将通过其欧美私募股权平台TPG Capital进行此项 投资，具体交易条款未予披露。TPG成立于1992年，总部位于旧金山，目前管理资产规模达2460 ...

连续八个季度实现"有质量的增长"。 本文为IPO早知道原创 作者｜ Stone Jin 微信公众号｜ipozaozhidao 据 IPO早知道消息， 阿迪达斯 于 4月29日 发布了 2025年第一季度财报。 财报显示， 今年第一季度，阿迪达斯全球营收 61.53亿欧元，在货币中性下（下同）较上年同期增 长13%。同期，阿迪达斯营业利润较上年同期的3.36亿欧元同比增长82%至6.1亿欧元；毛利率也 较上年同期提升0.9个百分点至52.1% 。 在全球业绩增长超预期的同时， 作为阿迪达斯重要的战略市场之一，大中华区业绩再次实现双位数 增长 —— 今年第一季度，大中华区实现营收 10.29亿欧元，同比增长13%，已连续八个季度实 现"有质量的增长" 。 阿迪达斯全球 CEO古尔登表示，"对我们团队在第一季度取得的成就感到非常自豪。所有市场和渠 道均实现了双位数的增长，这不仅彰显了我们品牌的实力，也证明了团队卓有成效的工作。6.1亿欧 元的营业利润和9.9%的营业利润率，充分展示了公司的巨大潜力。 目前，由于美国对多个国家和地 区增加关税，且最终的关税处于不断变化的情况，这也将对我们今年的业绩带来不确定性。我们将 ...

Core Viewpoint - Adidas has indicated that U.S. tariffs imposed by the Trump administration will lead to price increases for all its products sold in the U.S. market, which is affecting its ability to raise its full-year outlook despite strong first-quarter profits [1][3]. Group 1: Impact of Tariffs - The company is "somewhat exposed" to tariffs on products made in China, currently at an effective rate of 145%, but has minimized exports of these products to the U.S. [2] - The most significant impact is from the general increase in U.S. tariffs on other countries, which are currently at 10% while trade negotiations are ongoing [2]. - Adidas has stated that the uncertainty surrounding tariff negotiations makes it impossible to quantify the final impact on costs and consumer demand for its products [3]. Group 2: Production and Supply Chain - Adidas is unable to produce almost any of its products in the U.S., relying on factories in countries like Vietnam and Cambodia, which face U.S. tariffs exceeding 40% in the absence of a trade deal [3][4]. - The retail sector, including both low-cost e-retailers and luxury brands, is facing similar challenges regarding price hikes and potential impacts on consumer demand due to tariffs [4].

本报记者张敏 见习记者梁傲男 4月29日，德国著名运动品牌阿迪达斯发布了2025年第一季度财报。财报显示，今年第一季度，阿迪达斯全球营收61.53亿 欧元，在货币中性下（下同）同比增长13%。同期，公司营业利润较上年同期的3.36亿欧元强劲增长至6.1亿欧元，同比增长 82%；毛利率也较上年同期提升0.9个百分点至52.1%。 《证券日报》记者了解到，在全球业绩增长超预期的同时，作为阿迪达斯重要的战略市场之一，大中华区业绩再次实现双 位数增长。今年第一季度，大中华区实现营收10.29亿欧元，同比增长13%，已连续八个季度实现"有质量的增长"。 阿迪达斯全球CEO古尔登表示："我对团队在第一季度取得的成就感到自豪。阿迪达斯在所有市场和渠道均实现了双位数 增长，这不仅彰显了品牌的实力，也证明了团队卓有成效的工作。6.1亿欧元的营业利润和9.9%的营业利润率，充分展示了公 司的巨大潜力。目前，由于美国对多个国家和地区增加关税，且最终的关税处于不断变化的情况，这也将对我们今年的业绩带 来不确定性。我们将一如既往地以务实、敏捷和灵活的方式应对当下的环境。阿迪达斯品牌是强大的，我们有优秀的员工和足 够的资源，从而在这个充 ...

阿迪达斯CEO：我们花了很多时间应对美国关税。 ...

毛利率52.1％，营业利润6.10亿欧元，营业利益率9.9％，营收61.5亿欧元。 第一季度业绩毛利32.1亿欧元，预估31.6亿欧元。 阿迪达斯全年仍然预测营业利润17亿欧元至18亿欧元，预估20.4亿欧元。 ...

Group 1 - The core viewpoint of the article highlights Adidas's strong financial performance in the first quarter, with revenue reaching €6.15 billion and operating profit at €610 million, indicating robust growth in the company's operations [1] - The gross margin for the first quarter stands at 52.1%, reflecting the company's effective cost management and pricing strategy [1]

据外媒报道，这种制造方法带来了诸多优势。首先，鞋子的形状和尺寸可以根据每个消费者的需求 进行定制，确保穿着的舒适性和贴合性。设计团队只需修改3D模型，即可轻松优化鞋款设计，大大提 高了设计效率和灵活性。然而，值得注意的是，目前Climacool鞋款并未提供个性化定制服务。 阿迪达斯近期在鞋类制造领域迈出了创新的一步，宣布将面向全球市场推出一款采用3D打印技术 的Climacool鞋款。这款鞋最初仅在阿迪达斯的Confirmed平台上限量发售，专为平台用户打造，而现 在，它将向所有消费者开放购买。 据悉，Climacool鞋款的独特之处在于其整体采用了先进的3D打印技术制造。阿迪达斯虽未透露具 体的生产工艺细节，但确认这些鞋子是通过增材制造技术完成的，涉及尖端的3D打印技术。这一创新 不仅令人瞩目，也预示着鞋类制造行业的新变革。 此前，阿迪达斯曾在Futurecraft 4D鞋款的中底尝试过"连续液态界面生产"工艺，该技术通过紫外光 将液态聚合物树脂逐层固化，形成固体材料。而Climacool鞋款在此基础上更进一步，实现了整鞋的3D 打印制造。 阿迪达斯此次推出的Climacool鞋款售价为140美元（约合10 ...

Core Viewpoint - Adidas AG has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Performance - The Zacks rating system reflects changes in earnings estimates, which are strongly correlated with near-term stock price movements [4][6]. - Adidas is expected to earn $4.21 per share for the fiscal year ending December 2025, representing an 83% year-over-year change [8]. Analyst Sentiment and Market Position - Analysts have been consistently raising their earnings estimates for Adidas, with a 3% increase in the Zacks Consensus Estimate over the past three months [8]. - The upgrade to Zacks Rank 2 places Adidas in the top 20% of Zacks-covered stocks, suggesting potential for higher stock movement in the near term [10]. Zacks Rating System - The Zacks Rank system classifies stocks based on earnings estimate revisions, with a proven track record of generating significant returns for top-rated stocks [7][9].