ADIDAS AG 1Q12 PROFIT AT EUR 289 m vs. exp. EUR 230.6 m

Adidas AG – 1Q12 Profits for the firm came in at EUR 289 m exceeded analysts estimates of EUR 230.6 m, a rise of 38 percent. For its FY12 profit, the company raised its estimates of sales growth 12 percent to 17 percent  from its previous estimate of 10 – 15 percent growth.

Sales in Asia increased 26 percent as compared with 7 percent rise in Western Europe. The company faces a one time EUR 70 m restructuring charge on its operations in India. (Bloomberg)

Categories: European Earnings

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