After 16% in 2017 and 8% in 2018, currency adjusted revenue growth moderated to 4% in Q1 19. Sales of the Adidas brand were up by 5% but Reebok sales fell by 6%. Nevertheless, the profit margin improvement was stronger than expected.
03 May 2019
Revenue growth moderated in Q1, but profit margin increased strongly
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Revenue growth moderated in Q1, but profit margin increased strongly
adidas AG (ADS:WBO) | 0 0 1.8% | Mkt Cap: 37,743m
- Published:
03 May 2019 -
Author:
Hans-Peter Wodniok -
Pages:
2
After 16% in 2017 and 8% in 2018, currency adjusted revenue growth moderated to 4% in Q1 19. Sales of the Adidas brand were up by 5% but Reebok sales fell by 6%. Nevertheless, the profit margin improvement was stronger than expected.