Net Adidas Profit for 2011% in 18 Year
11.03.2012 2945

Net Adidas Profit for 2011% in 18 Year

One of the world leaders in the production of sports goods, the German company Adidas AG, announced its financial results in 2011 year. According to the company, its net profit amounted to 671 million euros, which is 18,2% higher than in the 2010 year.

According to the report, sales of Adidas in 2011 increased by 11,3%, amounting to 13,34 billion euros, and in the fourth quarter, the figure increased by 11% - to 3,26 billion euros, the website shopandmall.ru writes.

In the fourth quarter, the group’s net profit increased 2,6 times and amounted to 18 million euros. Nevertheless, it was lower than analysts' expectations, on average forecasting an indicator of 19 million euros.

In the 2012 year, Adidas predicts moderate sales growth and expects to increase its volume due to the European Football Championship, which will be held in Poland and Ukraine, as well as the Olympic Games in London, where the company acts as the official sponsor.

Adidas AG, founded in 1924 by Adolf Dassler, is one of the world leaders in the manufacture of sports shoes, clothing and equipment. In Russia there are more than 250 Adidas branded stores.
One of the world leaders in the production of sports goods, the German company Adidas AG, announced its financial results in 2011 year. According to the company, its net profit amounted to 671 million ...
5
1
Rating

Latest News

Geox presented its Fall-Winter 2025/26 collection in Moscow

On June 5, in the very center of the Russian capital, in one of the charming spaces of Kitay-gorod, the Italian brand of footwear, clothing and accessories Geox presented its new collection for the Fall-Winter season…
11.06.2025 327

Rxbshoes Releases Collaboration With Artist Sergey Kretenchuk

A collaboration between the St. Petersburg brand of premium handmade footwear rxbshoes and the multidisciplinary artist (also from the city on the Neva) Sergey…
11.06.2025 267

Nike Accused of Misusing Image of Venetian Gondoliers

A Nike advert has sparked controversy in Italy. An advertising photo shoot for the American brand features shots of Venice gondoliers wearing Nike Air Max Dn 8 sneakers. Such images were used in the From…
11.06.2025 334

Eco-tax rates are expected to increase in 2026

The Ministry of Natural Resources and Environment, together with the Russian Environmental Operator (REO), have prepared a proposal to increase the rates of the environmental fee for recycling packaging and used goods. The rates are not…
10.06.2025 385

Converse is releasing penny loafers!

The new Converse All-Star Coinloafer hits stores this week. It's based on the classic penny loafer silhouette, but features signature Converse design elements, known worldwide as a casual…
10.06.2025 402
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning