Double digit growth at adidas
06/11/2008
During the third quarter, group revenues grew 11% on a currency-neutral basis, driven by double-digit sales growth in the adidas and TaylorMade-adidas Golf segments. While adidas revenues increased 15%, TaylorMade-adidas Golf sales grew 12% on a currency-neutral basis. However, revenues in the Reebok segment fell 1%. Currency movements negatively impacted Group sales in euro terms. Group revenues grew 5% in euro terms to €3.1 billion in the third quarter of 2008 from €2.9 billion in 2007.
During the first nine months, group revenues increased 11% on a currency-neutral basis. The adidas segment grew 16%, TaylorMade-adidas Golf segment sales increased 11% and sales for the Reebok segment fell 2%.
Group revenues grew 4% in euro terms to €8.2 billion compared with €7.9 billion in the first nine months of 2007.
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