In addition, due to the continued focus on cash creation, the Group's cash flow is anticipated to grow at a faster rate compared to the operating profit in each of the next five years.
At its Investor Day held in Germany, the Adidas Group unveiled its new strategic business plan until the year 2020, which aims at further accelerating#
As a result of its very healthy financial position, the expected strong cash generation and commitment to sustainable value creation, the Group has increased the corridor for future dividend payments.
Going forward, the company intends to pay out between 30-50 per cent of its net income attributable to shareholders as against the previous 20-40 per cent.
Furthermore, Adidas will continue its multi-year shareholder return programme of up to € 1.5 billion, launched in the fourth quarter of 2014.
Adidas Group is a global leader in the sporting goods industry, offering a broad portfolio of footwear, apparel and hardware for sport and lifestyle through Adidas, Reebok, TaylorMade and Reebok-CCM Hockey.
Headquartered in Herzogenaurach in Germany, the Group employs more than 53,000 people across the globe and generated sales of €14.5 billion in 2014. (AR)
Fibre2fashion News Desk - India
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