Adidas-Salomon profits rise 25%
04/08/2005
Second quarter net sales for adidas-Salomon increased 10% on a currency-neutral basis with double-digit improvements coming from all brands and regions except Europe where sales declined 1%. Second quarter operating profit increased 25% to €153 million from €123 million in 2004. The group’s net income from continuing operations was up 33% in the second quarter, reaching €94 million compared to €70 million in 2004.
During the first six months of 2005, the Group’s currency-neutral revenues increased 11%. In euro terms, sales grew 10% to €3.189 billion from €2.906 billion in 2004.
The first half of 2005 was an important six months for adidas-Salomon,” commented adidas-Salomon chairman and CEO Herbert Hainer. We have strengthened the core of our business, made it more efficient and more focused on areas where we have proven skills. And, we were able to deliver an outstanding set of financial results – exceeding both market and our own expectations.”
During the first six months of 2005, the Group’s currency-neutral revenues increased 11%. In euro terms, sales grew 10% to €3.189 billion from €2.906 billion in 2004.
The first half of 2005 was an important six months for adidas-Salomon,” commented adidas-Salomon chairman and CEO Herbert Hainer. We have strengthened the core of our business, made it more efficient and more focused on areas where we have proven skills. And, we were able to deliver an outstanding set of financial results – exceeding both market and our own expectations.”
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