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Adidas has a glimpse of the future
12.11.2012 2929

Adidas has a glimpse of the future

Adidas AG, the world's second largest sporting goods manufacturer, has confirmed its 2012 profit forecast.

Net profit of Adidas this year will increase by 15-17% - up to 770-785 million euros, earnings per share will amount to 3,68-3,75 euros, the company predicts.

“We are fully committed to continuing in this direction in 2013,” said Adidas CEO Herbert Heiner.

The company's revenue growth this year will be in “high single digits”. The previous forecast assumed that the growth rate would be “close to 10%”.

The forecast correction reflects the worsening expectations for sales of Reebok and Rockport brands, as well as the negative impact of a lockout in the NHL.

The company's net profit in the third quarter increased by 14% - up to 344 million euros, or 1,64 per share, exceeding the average expert forecast of 332 million euros, or 1,59 per share.

Revenues jumped by 11% - to 4,17 billion euros.

As retailer.ru writes, at the same time, revenue growth in emerging markets in Europe was 19%, in China - 11%, offsetting a 5% decline in sales in the United States.

Adidas AG, the world's second largest sporting goods manufacturer, has confirmed its 2012 profit forecast. Adidas net profit this year will increase by 15-17% - up to 770-785 million euros, ...
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