New Delhi -°C
Today in New Delhi, India

Nov 24, 2020-Tuesday
-°C

Humidity
-

Wind
-

Select Country
Select city
ADVERTISEMENT
Home / Business News / Adidas' 1Q profit up 32 per cent to €169 million

Adidas' 1Q profit up 32 per cent to €169 million

Adidas AG said that its 1Q profit was higher on improved demand for its Adidas branded goods along with its TaylorMade-adidas golf products.

business Updated: May 06, 2008, 15:05 IST
AP

Athletic apparel maker Adidas AG said on Tuesday that its first-quarter profit was higher on improved demand for its Adidas branded goods along with its TaylorMade-adidas golf products.

The world's No 2 seller of sports related clothing and shoes, Adidas earned euro169 million ($261.3 million) in the January-March period compared with €128 million a year earlier and above the €156 million ($241.2 million)
that analysts polled by Dow Jones Newswires had forecast.

Sales rose 3.1 per cent to €2.62 billion ($4.05 billion) in the period compared with €2.54 billion in the first quarter of 2007. "Adidas and TaylorMade-adidas Golf were our growth engines. At Reebok, we are progressing on plan to reposition the brand," CEO Herbert Hainer said in a statement.

ht epaper

Sign In to continue reading