Adidas shares came under pressure on Thursday afternoon. The Herzogenaurach shares slipped to 190.70 euros, after costing over 198 euros at their annual high the day before. In the year-end rally since the October low, they had gained a good 28 percent.
In an interview with the “Handelsblatt”, Adidas boss Björn Gulden sounded too cautious a tone from the stock market perspective in the short term. They will “try to grow” in 2024, said the Norwegian. “One step at a time, then 2025 can be better than 2024.”
In addition, another topic had resurfaced in the local press: possible forced labor in production in China. Puma shares also lost heavily on Thursday. They had recently also recovered strongly to 23 percent, but remained well below the annual high in August. (dpa)