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Article Date: August 2018
Word Count: 760

Adidas Net Climbs on Strength in North America, China and E-Commerce

Net income soared 151% to €396 million ($472 mm) from €158 million for the second quarter ended Jun. 30 as sales rose 4% to €5,261 million ($6,271 mm) from €5,038 million that would have been up 10% currency neutral. This year’s results included a €21 million loss from discontinued operations compared to a €189 million charge last year. The strong euro pushed down reported sales in every region except North America and China but sales would have been positive everywhere except Western Europe where the company has seen sales flatten out. Currency neutral, its big drivers were North America (+17%), ... Log in to view full article.


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