Adidas 1999 Annual Report Download - page 37

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33
Management Discussion and Analysis
Financial information
expanded on the internet
Financial information on the internet greatly increased
in 1999. Investors and all other interested parties can
find current share prices, current annual and quarterly
reports, presentations and press releases as well as
other detailed financial information at <www.adidas.de/
investor relations>. Via the internet, conference calls on
the quarterly results are also open for everybody to listen
in. This ensures that all important information is avail-
able to individual investors at the same time and to the
same extent as it is to professionals from the finance
community. The internet offering will be further expanded
in 2000 to include new services.
Proposed dividend increase to DM 1.8 0
The adidas-Salomon Executive Board will propose an in-
creased dividend of DM 1.80 (Euro 0.92) per share to
the Annual General Meeting of Shareholders on May 11.
This represents a total payout of approximately DM 82
million. In this way, shareholders participate directly in
the financial success achieved in 1999.
The proposal represents a total payout ratio of 18%.
With this proposal, the Executive Board remains within
the scope defined by adidas-Salomon’s previously for-
mulated policy to maintain a payout ratio of between
15% and 20% of consolidated net income.
Contrary to the previous year, adidas-Salomon AG’s tax
situation permits a full tax credit for German domestic
shareholders with unlimited tax liability.
March 2 1999 results
Analyst Conference/
Conference Call
Press Conference
May 4 Q1 2000 results
Conference Call
May 1 1 Annual General Meeting
May 1 2 Payment of dividend
August 7 Q2 2000 results
Analyst Conference/
Conference Call
Press Conference
November 2 Q3 2000 results
Conference Call
FINANCIAL CALENDAR 20 0 0