| Share Ratios at a Glance |
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| 2007 | 2006 | ||
| Basic earnings per share | € | 2.71 | 2.37 |
| Diluted earnings per share | € | 2.57 | 2.25 |
| Operating cash flow per share | € | 3.83 | 3.74 |
| Year-end price | € | 51.26 | 37.73 |
| Year-high | € | 51.26 | 44.00 |
| Year-low | € | 34.50 | 34.66 |
| Dividend per share | € | 0.501) | 0.42 |
| Dividend payout |
€ in millions |
102 | 85 |
| Dividend payout ratio | % | 19 | 18 |
| Dividend yield | % | 0.98 | 1.11 |
| Shareholders’ equity per share | € | 14.85 | 13.90 |
|
Price-earnings ratio at year-end |
19.9 | 16.8 | |
Average trading volume per trading day |
shares | 2,231,485 | 2,039,527 |
| DAX-30 ranking2) at year-end |
|||
| by market capitalization |
21 | 24 | |
| by turnover |
22 | 21 |
| 1) | Subject to Annual General Meeting approval. |
| 2) | As reported by Deutsche Börse AG. |
|
Shareholder Structure 1) |
|
 |
|
| 1) | As at February 2008. |
Higher Dividend Proposed
The adidas AG Executive and Supervisory Boards will recommend paying a dividend of € 0.50 to
our shareholders at the Annual General Meeting (AGM) on May 8, 2008 (2006: € 0.42). Subject to the meeting’s approval, the dividend
will be paid on May 9, 2008. The proposed dividend per share represents an increase of € 0.08 per share. This increase reflects
the Group’s strong operational performance in 2007 and highlights our confidence in the Group’s future business performance. The
total payout of € 102 million (2006: € 85 million) reflects an increase of our payout ratio to 19 % of net income (2006: 18 %). The dividend
proposal follows our dividend policy, under which the adidas Group intends to pay out between 15 and 25 % of consolidated
net income.
2007 AGM Resolves on the Authorization for SHARE BUYBACK
At the AGM on May 10, 2007, our shareholders
approved an
authorization to repurchase shares in an amount of up to 10 % of the stock capital until
November 9, 2008. In January 2008, the Group
initiated a share buyback program of up to 5 % of share capital. 
see Subsequent Events
INCREASINGLY INTERNATIONAL INVESTOR BASE
Based on the amount of invitations to our AGM in May 2007, we estimate that
adidas AG currently has around 80,000 shareholders. According to our latest ownership analysis conducted in February 2008,
known institutional investors continue to account for approximately 96 % (2007: 96 %) of our shares outstanding. In the North
American market, institutional shareholdings increased to 40 % (2007: 37 %). German institutional investors accounted for 11 %
of adidas AG shares (2007: 12 %). The shareholdings in the rest of Europe excluding Germany decreased to 38 % (2007: 40 %).
2 % are held by institutional shareholders in other regions of the world (2007: 2 %). adidas Group Management, which comprises
current members of the Executive and Supervisory Boards, continues to hold less than 5 % in total. Smaller, undisclosed holdings,
which also include private investors, continued to account for 4 % (2006: 4 %).
