By
Reuters
Reuters
Published
Mar 8, 2009
Mar 8, 2009
Adidas to focus on paying down debt in 2009 -CFO
By
Reuters
Reuters
Published
Mar 8, 2009
Mar 8, 2009
HERZOGENAURACH, Germany, March 4 (Reuters) - Adidas (ADSG.DE) will focus on paying down debt this year, Chief Financial Officer Robin Stalker said on Wednesday.
The world's second-biggest sporting goods maker also said it planned no further share buybacks.
Adidas shares rose 3.1 percent to 23.61 euros by 0900 GMT, outpacing the German blue-chip DAX index .GDAXI, which rose 1.3 percent.
© Thomson Reuters 2023 All rights reserved.