ADDDF - adidas AG (ADDYY) Q4 2023 Earnings Call Transcript
2024-02-02 12:00:23 ET
adidas AG (ADDYY)
Q4 2023 Results Conference Call
February 1, 2024 02:00 AM ET
Company Participants
Sebastian Steffen - Head of Investor Relations
Bjorn Gulden - Chief Executive Officer
Harm Ohlmeyer - Chief Financial Officer
Conference Call Participants
Piral Dadhania - RBC Capital Markets
David Roux - Bank of America
Warwick Okines - BNP Paribas
Aneesha Sherman - Bernstein
Adam Cochrane - Deutsche Bank
Geoff Lowery - Redburn
Edouard Aubin - Morgan Stanley
Jurgen Kolb - Kepler Cheuvreux
Monique Pollard - Citigroup
Presentation
Sebastian Steffen
Hello, and good evening. Thank you very much, Francie, and also from my end, welcome to the Conference Call and our Preliminary Full Year 2023 Results. We very much appreciate your flexibility in joining our call on such short notice, knowing that this means getting up very early or in some cases even in the middle of the night for you.
The participants in today's call are our CEO, Bjorn Gulden; and our CFO, Harm Ohlmeyer. The purpose of this call is twofold. First, Bjorn will provide you with a brief overview of our preliminary full year 2023 results and afterwards, Bjorn will share context around our published full year 2024 outlook and its underlying assumptions. And lastly, of course, Bjorn and Harm will be happy to take your questions.
Please understand that, during today's call, we will not be able to comment on our Q4 performance beyond what has been published yesterday. We will be more than happy to discuss these elements during our regular conference call on March 13th. As always, I would also like to ask you to limit your initial questions to two during our Q&A session in order to allow as many people as possible to ask questions.
Thanks very much in advance for sticking to those rules. And now without any further ado, over to you, Bjorn.
Bjorn Gulden
Thanks, Sebastian, and good morning, everybody. We start the presentation with a beautiful picture of our new Predator, which is launched in the last couple of weeks, doing extremely well on the pitch and also in sell through. So one of the future successes for us.
The purpose of this call is to take you through the announcement and we have five, six slides to explain the different components and we start with the top-line and you basically see that, we have a flat sales, currency neutral and reported a minus about 5%. If you then do the math, you see that only on currency translation, we lost almost EUR1 billion in sales....
adidas AG (ADDYY) Q4 2023 Earnings Call Transcript