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Sales of German sportswear company Adidas H1 increased by 34%. Raise the outlook for FY2009

German shoe, garment and accessories manufacturer H1 sales were € 10.3 billion, up 34% from € 7.7 billion in the year-ago quarter. Given the accelerating momentum of the top line, the company now expects strong double-digit improvements in all markets to increase sales by 20% in FY2009.

“With the return of sports to the central stage this summer, we have achieved a very successful quarter. Driven by the strength of our brand and the unexpected demand for our products, we The top and bottom lines of the car have accelerated. ” Kasper Rørst, CEO of Adidas, Said in a press release.

The total operating profit for the six months was € 1.2 billion (loss: € 215 million). EBITDA increased 324% to € 1.8 billion (€ 425 million), while net profit from continuing operations was € 890 million (loss: € 217 million).

In the first half of 2009, EMEA sales increased 38% to € 3.7 billion (€ 2.7 billion) and sales in North America increased 27% to € 2.4 billion (€ 1.9 billion). In addition, sales in China and the Asia Pacific region surged to € 2.4 billion and € 1.1 billion, respectively.

“If there is no significant delay in pandemic recovery or other macroeconomic shocks, the global sporting goods industry is expected to recover particularly in 2021. Extensive vaccination and effective pandemic management, and major sporting events. Consumer confidence is expected to regain in the revival, a German sportswear company said in a statement.

Fiber2Fashion News Desk (JL)

German shoe, garment and accessories manufacturer H1 sales were € 10.3 billion, up 34% from € 7.7 billion in the year-ago quarter. Given the accelerating momentum of the top line, the company now expects strong double-digit improvements in all markets to increase sales by 20% in FY2009.



Sales of German sportswear company Adidas H1 increased by 34%. Raise the outlook for FY2009

Source link Sales of German sportswear company Adidas H1 increased by 34%. Raise the outlook for FY2009

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