adidas sees profits increasing by 5%-10% in 2002
08/03/2002
The world's second-largest sportswear and equipment brand, adidas-Salomon, said today it expected sales to grow by at least 5% in 2002 and profits by between 5% and 10%.
The forecast was made as the Herzogenaurach, Germany-based company released its full year and fourth quarter results for 2001 – a year in which sales rose to Eur6.1 billion and profits topped Eur208 million. Footwear sales, which account for 44% of group turnover, posted a healthy 5% gain with sales of $2.7 billion. Sales of apparel meanwhile rose 2% to reach Eur2.2 billion. This increase was led by improvements in technical apparel within the group’s ‘Forever Sport’ division.
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