【大摩：基于安踏收购Jack Wolfskin予增持目标价117港元】金十数据4月11日讯，摩根士丹利发报告指，安踏体育(02020.HK)以2.9亿美元收购Jack Wolfskin100%的股本权益，这一交易将在第二季度末或第三季度初完成。对于Jack Wolfskin2025财年的指引是销售额3.25亿欧元（下同），经调整EBITDA为1200万欧元（上半年为亏损1800万元，下半年为盈利3000万元）。2025年Jack Wolfskin对安踏的贡献取决于交易的时间，预计会有一次性费用。美国对中国加征关税对Jack Wolfskin业务的影响微乎其微，该公司主要专注欧洲和中国市场，没有向美国市场扩张的计划。基于上述因素，对安踏体育维持117港元的目标价以及“增持”评级。
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.