Adidas increased revenue in all countries except Russia
07.05.2015 3850

Adidas increased revenue in all countries except Russia

Adidas announced revenue growth for the first quarter in all countries except Russia, where rates fell by 34%. The German manufacturer of sporting goods is incredibly popular in Russia, so the fall of the ruble in recent months has been very sensitive for Adidas.

In general, a successful start to the year allows Adidas to confirm its forecasts for the 2015 year.

The Group adheres to its forecast for 5% turnover growth excluding changes in the exchange rate. The gross margin of the group should remain the same or increase slightly, reaching the mark of 47,5-48,5% of the total. The net profit received only from the revenue of brands that will remain in the group (Adidas wants to sell its Rockport shoe brand) should increase by 7-10%.

Adidas announced revenue growth for the first quarter in all countries except Russia, where the numbers fell 34%. The German sporting goods manufacturer is incredibly popular in ...

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