阿迪达斯Adidas AG（ADDDF）2025年半年度报告「OTC」（英文版）（34页）.pdf

1、 HALF YEAR REPORTJANUARY JUNE 2025HALF YEAR REPORTTABLE OF CONTENTSFinancial Highlights(IFRS).4Business Performance .5Business Performance by Segment .11Outlook .15Consolidated Statement of Financial Position .17Condensed Consolidated Income Statement .19Consolidated Statement of Comprehensive Incom

2、e .20Consolidated Statement of Changes in Equity .21Consolidated Statement of Cash Flows .22Explanatory Notes to the Condensed Interim Consolidated Financial Statements(IFRS)as at June 30,2025 .24Responsibility Statement .33Contact .34HALF YEAR REPORT 20252To enhance readability,registered trademark

3、s as well as references to rounding differences are omitted in this publication.adidas uses alternative performance measures(APM)in its regulatory and mandatory publications that may represent so-called non-GAAP measures.An overview of these APMs can be found on our website.ADIDAS-GROUP.COM/S/FINANC

4、IAL-PUBLICATIONSHALF YEAR REPORT 20253Financial Highlights(IFRS)Operating Highlights(in millions)Net sales12,10511,280 7%Gross profit6,2825,755 9%Other operating expenses5,1655,115 1%EBITDA1,7011,186 43%Operating profit1,156682 70%Net income from continuing operations811382 112%Net income attributab

5、le to shareholders798360 121%Key RatiosGross margin 51.9%51.0%0.9pp Other operating expenses in%of net sales 42.7%45.4%(2.7pp)Operating margin 9.6%6.0%3.5pp Effective tax rate 24.4%30.3%(5.9pp)Net income attributable to shareholders in%ofnetsales 6.6%3.2%3.4pp Average operating working capital in%of

6、netsales1 20.7%21.7%(1.0pp)Equity ratio2 26.6%25.4%1.2pp Adjusted net borrowings3/EBITDA41.72.7(1.0pp)Financial leverage 97.0%95.2%1.8pp Return on equity2 15.4%7.2%8.1pp Balance Sheet and Cash Flow Data(in millions)Total assets19,49919,620(1%)Inventories5,2614,544 16%Receivables and othercurrent ass