Adidas reports 12.7% increase in quarterly revenue
The German adidas, one of the world’s leading sportswear manufacturers, reported a 12.7 percent increase in revenue to 6.153 billion euros in the first quarter of this year from 5.458 billion euros a year earlier.
According to the company’s statement, its revenue increased by 13 percent excluding exchange rate fluctuations.
The sportswear manufacturer’s operating profit jumped 82 percent to 610 million euros from 336 million euros in the first quarter of last year.
Adidas will present detailed and final data for the quarter on April 29.
Shortly after 9:30 a.m. on the Frankfurt Stock Exchange, adidas shares were up 1.95 percent, while the stock exchange’s DAX index was down 0.76 percent.
Related news
K&H: Young people’s income has increased to a record level
The average monthly net income of young people increased to…
Read more >Decathlon is modernizing its stores with a new store concept
Decathlon reopened its second largest domestic store in Dunakesz with…
Read more >Late night shopping at the Westend dm store with Lili Regán, Kiso and the new adidas Vibes fragrance collection
Vibes, the latest fragrance collection of the adidas brand, was…
Read more >Related news
Sour cherries will be an expensive treat this year – the harvest is at a historic low
This year’s sour cherry season is facing unprecedented tension: the…
Read more >Szallas.hu: Lake Balaton is the most popular destination at Pentecost
A regional summary of bookings for the Pentecost long weekend…
Read more >The 2024 FMCG Retailer Ranking is out now
Everything remains the same: Lidl, SPAR and Tesco are the…
Read more >