ADDDF - Adidas authorizes Euro4B of share buybacks through 2025

Adidas (OTCQX:ADDYY -1.0%) announced Thursday that it would initiate a €4B ($4.5M) share buyback through 2025 in addition to the €1B share buyback completed in 2021 already. The buyback activities will be complemented by the company’s annual dividend payouts in a range of between 30% and 50% of net income from continuing operations.  The repurchases are part of Adidas' "Own the Game" strategy that includes generating substantial free cash flow until 2025 and returning the majority of it – between €8B and €9B – to its shareholders via dividend payments and share buybacks. The company intends to return the majority of the cash proceeds from the €2.1B Reebok divestiture to shareholders after its expected closure in Q1 2022.

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Adidas authorizes €4B of share buybacks through 2025