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Major developments in Q3 2016 Group sales increase 17% on a currency-neutral basis Ongoing momentum at adidas (+20%) and Reebok (+7%) Double-digit growth in all markets except Russia/CIS Gross margin down 0.9pp to 47.6% as a result of increased FX headwind Operating profit improves 11% to € 563 million Net income from continuing operations grows …
Herzogenaurach, August 4, 2016 Major developments in Q2 2016 Group sales increase 21% on a currency-neutral basis, driven by ongoing strong momentum at adidas (+25%) and Reebok (+7%) Top-line growth accelerates in Western Europe (+29%) and North America (+26%); Greater China (+30%) is fastest-growing region Gross margin grows 0.5pp to 48.8% Operating margin climbs 3.4pp …
July 28, 2016 Herzogenaurach – The adidas Group today announced preliminary results for the second quarter of 2016. Group revenues increased 21% on a currency-neutral basis and 13% in euro terms to € 4.4 billion. As a result of a higher gross margin as well as operating expense leverage, Group operating profit increased …
Herzogenaurach, July 13, 2016 – The adidas Group today officially laid the foundation stone for two new employee buildings at its headquarters in Herzogenaurach. `Campus Expansion South’ is a further key prerequisite for the company’s continuing growth and includes a new office building for more than 2,000 employees as well as an events building with …
July 1, 2016 Herzogenaurach, Germany / Philadelphia, Pennsylvania, United States – The adidas Group announced today that on June 30 it has formally completed the divestiture of its Mitchell & Ness business to a newly formed entity primarily owned by Juggernaut Capital Partners. The achieved initial closing represents the first important step to carve out …
May 27, 2016 Herzogenaurach, Germany / Philadelphia, Pennsylvania, United States – The adidas Group announced today that it has entered into a definitive agreement to sell its Mitchell & Ness business to a newly formed entity primarily owned by Juggernaut Capital Partners. In partnership with a proven global executive team and strategic operating …
May 4, 2016 Herzogenaurach – The adidas Group today concluded its analysis of the future options for the company’s golf business. As a result of this strategic review, the Executive Board decided to enter into concrete negotiations with interested parties aimed at a divestiture of parts of the company’s golf division. Going forward, the Group …