Adi­das con­fi­dent of meet­ing ob­jec­tives

New Straits Times - - Business -

FRANK­FURT: Ger­man sport­ing goods maker Adi­das yes­ter­day said it was con­fi­dent of meet­ing its ob­jec­tives for the year, af­ter a huge leap in prof­its in the first quar­ter. Net profit at the group grew 29.6 per cent to reach €455 mil­lion (RM2.14 bil­lion) be­tween Jan­uary and March, out­pac­ing rev­enue growth of 18.9 per cent to €5.7 bil­lion. Op­er­at­ing or un­der­ly­ing profit grew 28.8 per cent to reach €632 mil­lion. Adi­das pointed to stand­out per­for­mances in North Amer­ica and China, where rev­enues rose 31 and 30 per cent, re­spec­tively, fol­lowed up by Ja­pan and its Mid­dle East and Africa re­gions.

Newspapers in English

Newspapers from Malaysia

© PressReader. All rights reserved.