Adidas Q4 Net Profit Up, Lifts Dividend; Sees Higher FY22 Results; Stock Up

Shares of Adidas AG were gaining around 8 percent in the morning trading in Germany after the sportswear maker Wednesday said it expects higher results for fiscal 2022 after reporting strong growth in fourth-quarter attributable net income. Quarterly net income from continuing operations, meanwhile, was lower, with nearly flat revenues. The company also announced higher dividend.

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