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Adidas surges as strong momentum helps Q1 beat, triggers outlook hike
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Shares in Adidas rose more than 7% on Wednesday, hitting their highest level in over two years after the German sportswear giant on Tuesday reported better-than-expected results and raised its 2024 guidance on stronger momentum.
Shares were up 6.6% by 0905 GMT, topping pan-European STOXX 600 index and tracking their biggest daily gain in almost a year.
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