Adidas reports full year results
The adidas Group has reported positive full year results for 2005.
The company reported growth in the adidas segment with a 12% increase in revenues. Drivers of this performance were strong double-digit growth in the Sport Heritage division as well as increases in nearly all of its Sport Performance categories. Currency-neutral revenues in the TaylorMade-adidas Golf segment increased 11%, driven by growth in all major categories. Adidas sales in euro terms were up 13% to €5.861 billion in 2005 from €5.174 billion in 2004. TaylorMade-adidas Golf sales grew 12% to €709 million in 2005 from €633 million in 2004.