adidas news - buyback program 2020
adidas continues share buyback program with third tranche.
adidas announced on Tue, 07 January 20 the start of the third tranche of its current multi-year share buyback program initially announced in March 2018 and intends to repurchase own shares worth up to € 1.0 billion in 2020.
In total, under the current program, adidas plans to buy back own shares for up to € 3.0 billion between March 2018 and May 2021.
In the previous two tranches of the program, the company bought back a total of 8.3 million shares, corresponding to 4.1% of the company’s stock capital, for a total consideration of € 1.8 billion.
Around the world adidas employes over 57,000 people. Employees from about 100 nations are working at the global HQ in Herzogenaurach, Germany – the ‘World of Sports’.
Every year adidas produces over 900 million sports and sports lifestyle products with independent manufacturing partners worldwide. In 2018 the company generated sales of € 21.915 billion.