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%.