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