The group’s turnover increased by 3.2% to €16.7bn through to September and, as the gross margin continued improving, EBIT was up by 16% to €2.24bn and net earnings by 40% to €1.59bn. We had expected the following respective numbers: €16.6bn, €2.21bn, and €1.51bn, i.e. the company delivered slightly more.
07 Nov 2018
2018 outlook raised but new guidance is short of our projections
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2018 outlook raised but new guidance is short of our projections
adidas AG (ADS:WBO) | 0 0 1.8% | Mkt Cap: 37,743m
- Published:
07 Nov 2018 -
Author:
Hans-Peter Wodniok -
Pages:
2
The group’s turnover increased by 3.2% to €16.7bn through to September and, as the gross margin continued improving, EBIT was up by 16% to €2.24bn and net earnings by 40% to €1.59bn. We had expected the following respective numbers: €16.6bn, €2.21bn, and €1.51bn, i.e. the company delivered slightly more.