Adidas raises forecast amid boost from Chelsea payment | Fin24
  • Deloitte

    The accounting firm has denied allegations of corruption related to Eskom contracts.

  • SAA Uncertainty

    What you need to know if you have a ticket or intend to buy one.

  • Michael Jordaan

    Forget Matric results - here's how to prepare your kids for jobs that don't yet exist.


Adidas raises forecast amid boost from Chelsea payment

Jul 28 2016 09:30
Aaron Ricadela

Frankfurt - Adidas increased its full-year forecast as brand sales benefited from the Euro 2016 soccer tournament and it pocketed a payment to end a sponsorship deal with England’s Chelsea soccer club early.

Currency-neutral sales this year will increase in the "high teens," Herzogenaurach, Germany-based Adidas said in a statement on Thursday. That compares with previous a previous forecast for roughly 15% growth. Net income from continuing operations will increase 35% to 39% to €975m to €1bn, compared with previous guidance for a 25% increase.

Adidas plans to report its full second-quarter earnings on August 4.

adidas  |  retail


Company Snapshot

Voting Booth

How concerned are you about ransomware attacks?

Previous results · Suggest a vote