×
43
Fashion Jobs
H&M
Security/ Compliance Manager
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Sap Sales Distribution & Business Analyst
Permanent · Ho Chi Minh City
PUMA
Manager Product Line Sportstyle Footwear
Permanent · Ho Chi Minh City
L'OREAL GROUP
Key Account Executive - Drugstore Channel
Permanent · Ho Chi Minh City
PHV
Manager, Quality Assurance – Process Engineer
Permanent · Ho Chi Minh City
PHV
Manager, Merchandising
Permanent · Ho Chi Minh City
PUMA
Assistant Manager Development Fabric Apparel
Permanent · Ho Chi Minh City
H&M
Sourcing & Capacity Development Specialist
Permanent · HO CHI MINH CITY
H&M
3pl Business Expert - Import, Export And Controlling
Permanent · BIEN HOA
H&M
Nhân Viên tư Vấn Bán Hàng Toàn Thời Gian Tại Vincom Plaza hạ Long
Permanent · HẠ LONG
ADIDAS
Senior Footwear Designer
Permanent · HO CHI MINH CITY
H&M
Nhân Viên tư Vấn Bán Hàng Toàn Thời Gian Khu Vực Aeon Mall hà Đông
Permanent · HANOI
H&M
Nhân Viên tư Vấn Bán Hàng Bán Thời Gian Khu Vực Aeon Mall hà Đông
Permanent · HANOI
H&M
Department Manager (Quản lý Ngành Hàng) - Khu Vực Ocean Park Gia Lâm
Permanent · HANOI
H&M
Nhân Viên tư Vấn Bán Hàng Toàn Thời Gian Khu Vực Vincom Times City
Permanent · HANOI
H&M
Nhân Viên tư Vấn Bán Hàng Bán Thời Gian Tại Vincom Plaza hạ Long
Permanent · HẠ LONG
H&M
Nhân Viên tư Vấn Bán Hàng Bán Thời Gian Khu Vực Times City
Permanent · HANOI
H&M
Visual Merchandiser (Phụ Trách Trưng Bày Làm Việc Tại Cửa Hàng) - hồ Chí Minh Based
Permanent · HO CHI MINH CITY
H&M
Nhân Viên tư Vấn Bán Hàng Khu Vực Royal City - hà Nội (Bán Thời Gian và Toàn Thời Gian)
Permanent · HANOI
H&M
Nhân Viên tư Vấn Bán Hàng Bán Thời Gian Khu Vực Mega Mall Times City, hà Nội
Permanent · HANOI
H&M
Nhân Viên tư Vấn Bán Hàng Bán Thời Gian Khu Vực hà Đông, hà Nội
Permanent · HANOI
H&M
Nhân Viên tư Vấn Bán Hàng Toàn Thời Gian Khu Vực Gia Lâm - hà Nội
Permanent · HANOI
Published
Dec 2, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Adidas completes second share buyback program of 2021

Published
Dec 2, 2021

German sportswear giant Adidas announced on Wednesday that it has completed its second share buyback program of the year, repurchasing 1,619,683 shares for a total of 450 million euros.


Adidas repurchased shares at an average price of277.83 euros apiece - Adidas

 
Carried out between October 18 and November 25, 2021, the buyback program saw the company purchase the shares at an average price of 277.83 euros apiece.
 
Considering both of the buyback programs carried out by the company this year, Adidas has purchased a total of 3,471,205 shares for 1 billion euros in 2021. When combined with the dividend payment of 585 million euros made by the company in May, this makes for a total of almost 1.6 billion euros that the sportswear group has returned to its shareholders over the course of the year.

The transactions are part of the company’s new “Own the Game” strategy, a key pillar of which is strong cash returns. According to Adidas, the majority of free cash flow generated through 2025 – between $8 billion and $9 billion – will be distributed to shareholders.
 
The company will execute this strategy through regular dividend pay-outs in the range of 30% to 50% of net income from continuing operations, as well as through share buybacks.
 
“‘Own the Game’ is a growth and investment strategy resulting in significant value creation,” said Adidas CFO Harm Ohlmeyer in a release. “Dividends as well as share buybacks are key components of this. Against this background and given our positive outlook for 2022, we plan to continue our regular share buyback activities early next year.”
 
Ohlmeyer went on to explain that 2022’s buyback programs will be further complemented by the return of the majority of the cash proceeds from the company’s previously announced sale of the Reebok brand to Adidas’ shareholders. The Reebok sale, which will see New York-based Authentic Brands Group acquire the brand for 2.1 billion euros ($2.46 billion), is expected to close in the first quarter of next year.
 
The majority of shares repurchased by Adidas as part of its buyback activities will be canceled.

Copyright © 2023 FashionNetwork.com All rights reserved.