Herzogenaurach – adidas Group today announces preliminary results for the first quarter of 2010.
Group revenues increased 4% both on a currency-neutral basis and in euro terms to almost € 2.7 billion. As a result of increased gross margin and operating expense leverage, Group operating profit increased to € 260 million in the first quarter of 2010 (2009: € 58 million). The settlement of a lawsuit and the divestiture of a trademark both contributed a low-double-digit million euro amount each to this development. Net income attributable to shareholders increased to € 168 million (2009: € 5 million). Diluted earnings per share amounted to € 0.80 in the quarter (2009: € 0.04).
Following the stronger than expected first quarter performance, Management now forecasts full year earnings per share to reach a level between € 2.05 and € 2.30 (previously: between € 1.90 and € 2.15). More detail on the revised outlook will be given with the publication of quarterly results on May 4, 2010.
This website was built by using the latest techniques and technologies. Unfortunately, your current browser version doesn't support those technologies.
Please upgrade your browser in order to display the website correctly and gain full functionality.