Consolidated revenue increased by 17% to €4.77bn, while EBIT was up by 42% to €490m and net profit by 59% to €351m. These numbers are considerably higher than we had anticipated (€4.3bn, €388m, and €242m, respectively).
Management has decided to dispose of the golf equipment activities TaylorMade, Adams, and Ashworth, but to concentrate on golf footwear and apparel. This is the second time in recent history that Adidas has bought an activity that is now being sold. It acquired French ski produc ....
04 May 2016
Superb Q1 revenue growth, but costs have been phased differently
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Superb Q1 revenue growth, but costs have been phased differently
adidas AG (ADS:WBO) | 0 0 1.8% | Mkt Cap: 37,743m
- Published:
04 May 2016 -
Author:
Hans-Peter Wodniok -
Pages:
2
Consolidated revenue increased by 17% to €4.77bn, while EBIT was up by 42% to €490m and net profit by 59% to €351m. These numbers are considerably higher than we had anticipated (€4.3bn, €388m, and €242m, respectively).
Management has decided to dispose of the golf equipment activities TaylorMade, Adams, and Ashworth, but to concentrate on golf footwear and apparel. This is the second time in recent history that Adidas has bought an activity that is now being sold. It acquired French ski produc ....