adidas Group Releases 2010 Financial Results

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adidas Group Releases 2010 Financial Results

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02-Mar-2011

During the fourth quarter of 2010, Group revenues increased 9% on a currency-neutral basis. Currency-neutral revenues in the Wholesale and Retail segments increased 8% and 23%, respectively. By brand, adidas and Reebok sales increased 10% and 15% currency-neutral, respectively. Group revenues grew 19% to € 2.931 billion in the fourth quarter from € 2.458 billion in 2009. In 2010, Group revenues grew 9% on a currency-neutral basis, as a result of sales increases in Wholesale, Retail and Other Businesses. In 2010, the Group's net income attributable to shareholders increased to € 567 million from € 245 million in 2009. This represents an increase of 131% versus the prior year level. The gross margin of the adidas Group increased 2.4 percentage points to 47.8% in 2010.

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