Addidas And Wilson Show Promising Growth

By Staff Writter

Adidas Group is reporting that preliminary first quarter figures are materially above market expectations. In the first quarter of 2012, Adidas Group revenues increased 14 percent on a currency-neutral basis, or 17 percent in euro terms, to €3.8 billion ($5 bn).

Group sales for the full year are now expected to grow at a rate approaching 10 percent on a currency-neutral basis (previously forecast in the mid- to high-single-digit range). Net income attributable to shareholders is expected to increase at a rate between 12 percent and 17 percent (previously forecast between 10 percent and 15 percent).

Wilson Sports' net sales in the review period were €173.6 million ($228 mm), an increase of 6 percent in local currencies. All business areas contributed to the growth compared to last year. Individual Ball Sports (former Racquet Sports and Golf) delivered strong growth in the quarter with an increase of 8 percent in local currencies. In geographical terms, the strongest growth was in Japan.

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