Reebok 2010 Annual Report Download - page 41

To Our Shareholders Our Share 37
Share ratios at a glance
2010 2009
Basic earnings per share €2.71 1.25
Diluted earnings per share €2.71 1.22
Operating cash flow per share €4.28 6.11
Year-end price €48.89 37.77
Year-high €51.48 38.76
Year-low €35.01 22.73
Dividend per share €0.801) 0.35
Dividend payout € in millions 1672) 73
Dividend payout ratio %29.5 29.8
Dividend yield %1.6 0.9
Shareholders’ equity per share €22.06 18.02
Price-earnings ratio at year-end 18.0 31.0
Average trading volume
per trading day 3) shares 1,170,523 1,392,613
DAX-30 ranking 4 ) at year-end
by market capitalisation 16 17
by turnover 23 22
1) Subject to Annual General Meeting approval.
2) Based on number of shares outstanding at year-end.
3) Based on number of shares traded on all German stock exchanges.
4) As reported by Deutsche Börse AG.
08
Strong international investor baseStrong international investor base
Based on our share register, we
estimate that adidas AG currently has
around 60,000 shareholders. In our
latest ownership analysis conducted in
February 2011, we identified 88% of our
shares outstanding. Shareholdings in the
North American market account for 28%
of our total shares outstanding. Identi-
fied German institutional investors hold
10% of shares outstanding. The share-
holdings in the rest of Europe excluding
Germany amount to 44%, while 4% of
institutional shareholders were identi-
fied in other regions of the world. adidas
Group Management, which comprises
current members of the Executive
and Supervisory Boards, holds 2% in
total see Corporate Governance Report,
p. 25. Undisclosed holdings, which also
include private investors, account for the
remaining 12% see 06.
Voting rights notifications receivedVoting rights notifications received
In 2010, adidas AG received twelve voting
rights notifications in accordance with
§ 21 section 1 of the German Securities
Trading Act ( Wertpapierhandelsgesetz
– WpHG). All voting rights notifications
received in 2010 and thereafter can
be viewed on our corporate website
www.adidas-Group.com/voting_rights_
notifications. Information on investments
that have exceeded or fallen below a
certain threshold can also be found in
the Notes section of this Annual Report
see Note 25, p. 204.
Our efforts to deliver best-in-class
services to our investors and analysts
were again highly acknowledged in an
investor relations survey conducted
by Thomson Reuters. In the sector
Consumer/Luxury Goods, the adidas
Group was ranked number two by
buy-side analysts in this survey.
The print version of our 2009 Annual
Report also achieved high recognition,
taking fifth place in the DAX-30 ranking
by Manager Magazin.
Extensive financial information Extensive financial information
available onlineavailable online
We offer extensive information around
our share as well as the Group’s
strategy and financial results on our
corporate website at www.adidas-
Group.com/investors. Our event calendar
lists all conferences and roadshows
we attend and provides all presenta-
tions for download. In addition to live
webcasts of all major events such as our
Analyst Conferences, the Annual General
Meeting and Investor Days, we also offer
podcasts of our quarterly conference
calls. Furthermore, in order to give a
regular update about the latest develop-
ments of the adidas Group and the adidas
AG share, we also offer our shareholders
and the financial market community the
opportunity to subscribe to our quarterly
Investor Relations Newsletter.
adidas Group again receives adidas Group again receives
strong analyst supportstrong analyst support
The adidas Group continued to receive
strong analyst support in 2010. Around
35 analysts from investment banks and
brokerage firms regularly published
research reports on our Group. The
majority of analysts are confident about
the medium- and long-term potential
of our Group. This is reflected in the
recommendation split for our share as
at December 31, 2010. 55% of analysts
recommended investors to “buy” our
share in their last publication during
the 12-month period (2009: 54%). 28%
advised to “hold” our share (2009: 22%).
17% of the analysts recommended to
“sell” our share (2009: 24%) see 07.
Award-winning Investor Relations Award-winning Investor Relations
activitiesactivities
adidas AG strives to maintain close
contact to institutional and private share-
holders as well as analysts. In 2010,
Management and the Investor Relations
team spent more than 35 days on
roadshows and presented at 19 national
and international conferences. In
addition, in order to present the adidas
Group’s new strategic business plan
“Route 2015”, we hosted an Investor
Day in Herzogenaurach on November 8,
which was attended by more than 70
investors and other representatives of the
financial markets.