Adidas Q2 revenue fell short of expectations
12.08.2013 4327

Adidas Q2 revenue fell short of expectations

Adidas AG, one of the world's largest sporting goods manufacturers, increased its net profit in the second quarter of 2013 by 4,2% to 172 million euros.

The company's revenue in the past quarter decreased by 3,8% - to 3,38 billion.

Adidas revenue in Western Europe fell by 12,1% in April-June to 812 million euros, in European emerging markets - by 4,1%, to 467 million euros, in North America - by 3,8%, to 826 million euros.

The company's sales in China jumped by 7% - to 371 million euros, in other Asian countries - decreased by 6,6%, to 531 million euros, in Latin America - increased by 13,4%, to 376 million euros.

"A weak environment in Europe and adverse fluctuations in the exchange rates of several currencies against the euro indicate that it will be much more difficult for companies to achieve the targets set for this year than previously expected," Adidas said.

At the same time, the company expects that in the fourth quarter of this year, revenue growth will increase.

Adidas AG, one of the world's largest manufacturers of sporting goods, increased its net profit in the second quarter of 2013 by 4,2% - to 172 million ...
5
1
Rating

Latest News

Tamaris presented a new spring-summer collection of the NEWD premium line.

Elegant luxury – that’s what this line of the German brand can be called. The new collection includes premium models that will perfectly complete any look and become a spectacular addition…
21.05.2024 172

Sport Casual Moscow will present collections of sports and hiking shoes, clothing and equipment

The summer exhibition and presentation of Sport Casual Moscow will be held in Moscow, at the Izmailovo Alfa Hotel on June 3-5, 2024 with the support of the Ministry of Industry and Trade of Russia and the Russian Outdoor Group (Russian Outdoor…
21.05.2024 198

Jimmy Choo selects Princess Gauravi Kumari as its brand ambassador for India

Jimmy Choo is strengthening its position in India, the luxury footwear and accessories brand has attracted an Indian princess to its advertising campaign. Jaipur royal family member Princess Gauravi Kumari has been appointed Jimmy Choo India brand ambassador, writes...
21.05.2024 264

France sees a stronger leather trade surplus in 2023.

France sees leather exports grow by 6% in 2023 to reach €1 billion, while imports remain stable at €14 billion. A trade surplus of €5 billion was possible in...
21.05.2024 225

Ronnie Fieg turned Clarks loafers into sandals

The ongoing collaboration between Clarks and Kith sees the British moccasin brand launch two new sandal styles for spring/summer 2024. The new Ridgevale and Brixham silhouettes are available in four colourways...
20.05.2024 468
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning