Editions:  Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland
Advertisement

Adidas hits currency hurdles but profits up

Share this article

Adidas hits currency hurdles but profits up
Photo: DPA
09:09 CEST+02:00
German sports clothing giant Adidas could finally be running out of steam, latest profit figures suggest.

In the second quarter of 2013, the world's second biggest sport clothing manufacturer logged a fall in turnover of 3.8 percent compared to last year.

The company said that last year's sales were boosted by football tournament the Euros and the Olympic Games in London, whereas this year there had been no comparable events.

Adidas' performance does appear more stable when profits are adjusted for currency effects – a net profit of €172 million – up four percent on last year due to falling tax demands.

And company said it remained optimistic, predicting a gross turnover of €14.9 billion this year.

Get notified about breaking news on The Local

Share this article

Advertisement

From our sponsors

The Swedish university where students tackle real-world problems

Ranked among the world's best young universities in the QS Top 50 Under 50, Linköping University (LiU) uses innovative learning techniques that prepare its students to tackle the challenges of tomorrow.

Advertisement
Advertisement
Jobs
Click here to start your job search
Advertisement
Advertisement

Popular articles

Advertisement
Advertisement