Adidas delivered slightly higher than expected Q3 revenue but lower profit numbers. Sales were up by 14% to €5.41bn in the last quarter and by 15% to €14.6bn ytd (we had expected €14.42bn). The 9M EBIT and net profit numbers were +36% to €1.47bn and +51% to €1.03bn, while we had expected €1.63bn and €1.07bn, respectively.
03 Nov 2016
Profit margins down in Q3 16
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Profit margins down in Q3 16
adidas AG (ADS:WBO) | 0 0 1.8% | Mkt Cap: 37,743m
- Published:
03 Nov 2016 -
Author:
Hans-Peter Wodniok -
Pages:
2
Adidas delivered slightly higher than expected Q3 revenue but lower profit numbers. Sales were up by 14% to €5.41bn in the last quarter and by 15% to €14.6bn ytd (we had expected €14.42bn). The 9M EBIT and net profit numbers were +36% to €1.47bn and +51% to €1.03bn, while we had expected €1.63bn and €1.07bn, respectively.