×
By
Reuters API
Published
Mar 10, 2021
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Adidas expects strong rebound, takes Reebok hit

By
Reuters API
Published
Mar 10, 2021

German sportswear maker Adidas AG predicted a strong rebound in sales in 2021, particularly in China, the rest of Asia and Latin America, although its operating profit will be trimmed by costs associated with divesting the Reebok brand.


Reuters



Fourth-quarter sales rose a currency-neutral 1% to 5.548 billion euros, while operating profit slipped slightly to 225 million euros, both ahead of average analyst forecasts for 5.47 billion and 202 million respectively.

 

© Thomson Reuters 2021 All rights reserved.