2020 Annual
Report

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CEO letter

01

Letter from the CEO

Kasper Rorsted

2020 was a year like no other. Despite all the challenges, we used this year to make adidas a better company.

Letter from the CEO

Our Results

02
Net sales
€19.844 bn
–14% c.n.
Income Statement
Operating margin
3.8%
–7.5pp
Income Statement
Net income from continuing operations
€429  millions
–78%
Income Statement
Gross margin
49.7%
–2.3pp
Income Statement
Employees
62,285
–4%
Employee Population
Dashboard

Our Strategy

03
Our Strategy

Our Highlights

04

The #HOMETEAM movement

It was at the start of 2020. Remember the plans we had? But then, all of a sudden, sport and life as we knew them were put on pause, and lives were at risk.

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Our sustainability initiatives

Plastic waste is a problem – and its environmental damage has reached a critical level. As a big global company, we have been a big contributor to the problem and that is why our actions need to be equally as big. This is larger than sports, this is for our future.

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PRODUCT HIGHLIGHTS

In 2020, we introduced our newest member of the award-winning Adizero family: the Adizero Adios Pro. The story of the Adizero franchise began in Berlin in 2008, when Haile Gebrselassie broke his own marathon world record and became the first person to run the race in under 2 hours and 4 minutes – wearing the Adizero Adios.

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Creating lasting change

2020, we redefined our internal framework with a clear definition of what diversity and inclusion mean to us as a company. They mean championing individual uniqueness, and cultivating a culture of belonging so that everyone can create at their best.

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