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Article Date: March 2018
Word Count: 842

Adidas Has Strong Finish to FY, Raises Profit Targets


Although it showed a net loss of €41 million ($51 mm) against a loss of €10 million for the final quarter ended Dec. 31, the pre-tax profit leaped to €124 million from €10 million on a sales gain of 12% to €5,056 million ($6,249 mm) from €4,500 million as it continued to post impressive gains in North America, China and in digital sales. Q4 net included a €76 million charge on U.S. tax law adjustments and a loss on discontinued operations this year of €38 million against €14 million. The seasonally small quarter closed out a year of strong momentum ... Log in to view full article.

 


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