We use first party and third-party Cookies to help us understand Website usage and to improve the content and offerings and to provide you advertising, analytics and other purposes related to your navigation habits. If you continue scrolling, we consider you accept the policy. You can read more about our cookie policy.


The global fashion business journal

Nov 14, 20191:34pm

Adidas grows 9% in third quarter and maintains full year outlook

The German sportswear company has ended the third quarter with a revenue of 6.4 billion euros (7.1 billion dollars). 

Nov 6, 2019 — 4:08pm
mds
Save

Adidas grows 9% in third quarter and maintains full year outlook

 

 

Adidas ends its third quarter on the rise. The German sportswear company has ended the third quarter with a drop of 2% in its net profit, to 644 million euros (715 million dollars). Its revenue stood at 6.4 billion euros (7.1 billion dollars) compared to the same period last year.  

 

Income before taxes (Ebitda) was 865 million euros (960 million dollars), 4.6% more than the previous year. By regions, Russia has been the one with the biggest increase, with a growth of 19.7%. In Asia Pacific, meanwhile, the group has grown by 10.4%, while in North America the rise has been 15.7%. In Europe, Adidas sales increased by 3.2%.

 

For its full year outlook, Adidas estimates a growth of between 5% and 8% in its revenue. At the same time, The company’s gross margin is forecast to increase to a level of around 52.0% in 2019, the operating margin is expected to increase between 0.5 percentage points and 0.7 percentage points to a level between 11.3% and 11.5%, according to Kasper Rorsted, chief executive officer of the group.

Advertising
Comment
Participation rules

info@themds.com

 

Validation policy for comments: 

 
MDS does not perform prior verification for the publication of comments. However, to prevent anonymous comments from affecting the rights of third parties without the ability to reply, all comments require a valid email address, which won’t be visible or shared.
 
Enter your name and email address to be able to comment on this news: once you click on the link you will find within your verification email, your comment will be published.

0 comments — Be the first to comment
...