Full-year figures from adidas show revenues for 2020 of €19.8 billion, a fall of 16% year on year.

It said its sales from e-commerce were in excess of €4 billion, representing growth compared to the previous year of 54%.

Net income from its continuing operations was €429 million, a decrease of 77% compared to the figure for 2019.

Chief executive, Kasper Rorsted, said 2020 had been “a year like no other”, but he said there had been a recovery towards the end of the year, with figures for the fourth quarter showing a return to growth.

“We are confident about 2021,” Mr Rorsted said, “and will be fast out of the gate in the first year of our new strategic cycle, delivering mid- to high-teens sales growth globally.”

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