Although Adidas will release its final H1 accounts only on 4 August, it has given some indications today. Revenue increased by 13% to €4.4bn and EBIT was up by 77% to €414m. This latter number includes a ‘mid-to-high double-digit million euro profit’ from the early termination of the sponsoring contract with Chelsea FC. Consequently, net earnings (from continuing operations) increased by 99% to €291m. Unlike most of its peers (i.e. Nike and Puma), Adidas achieved a
28 Jul 2016
Q2 sales and profits clearly higher than expected
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Q2 sales and profits clearly higher than expected
adidas AG (ADS:WBO) | 0 0 1.8% | Mkt Cap: 37,743m
- Published:
28 Jul 2016 -
Author:
Hans-Peter Wodniok -
Pages:
2
Although Adidas will release its final H1 accounts only on 4 August, it has given some indications today. Revenue increased by 13% to €4.4bn and EBIT was up by 77% to €414m. This latter number includes a ‘mid-to-high double-digit million euro profit’ from the early termination of the sponsoring contract with Chelsea FC. Consequently, net earnings (from continuing operations) increased by 99% to €291m. Unlike most of its peers (i.e. Nike and Puma), Adidas achieved a