Adidas-Salomon reports positive Q3 sales
03/11/2005
Adidas-Salomon AG has reported an 8% increase in third quarter net sales for the group on a currency-neutral basis with improvements coming from all regions except
For the first nine months currency-neutral sales grew 10%. In euro terms, sales also grew 10% to €5.115 billion from €4.664 billion in 2004.
Sales growth in the adidas segment set the pace for group performance during the first nine months of 2005. Currency-neutral adidas revenues increased 10% in the first nine months. Drivers of this growth were strong double-digit growth in the sport heritage division as well as increases in virtually all of its sport performance categories. Currency-neutral revenues in the TaylorMade-adidas Golf segment increased 12%, driven by significant growth in all major categories except putters. Currency effects only had a minor effect on sales at adidas and TaylorMade-adidas Golf in euro terms. adidas sales in euro terms were up 9% to €4.545 billion in the first nine months from €4.155 billion in 2004. TaylorMade-adidas Golf sales in euro terms grew 11% to € 528 million in 2005 from €477 million in 2004.
Sales growth in the adidas segment set the pace for group performance during the first nine months of 2005. Currency-neutral adidas revenues increased 10% in the first nine months. Drivers of this growth were strong double-digit growth in the sport heritage division as well as increases in virtually all of its sport performance categories. Currency-neutral revenues in the TaylorMade-adidas Golf segment increased 12%, driven by significant growth in all major categories except putters. Currency effects only had a minor effect on sales at adidas and TaylorMade-adidas Golf in euro terms. adidas sales in euro terms were up 9% to €4.545 billion in the first nine months from €4.155 billion in 2004. TaylorMade-adidas Golf sales in euro terms grew 11% to € 528 million in 2005 from €477 million in 2004.
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