• 05-MAY-2011

adidas Group Publishes 2011 Q1 Results

"We are off to a powerful start in 2011 with record first quarter results," commented Herbert Hainer, adidas Group CEO, at the occasion of today's First Quarter Results announcement. "Strong double-digit growth in key markets such as North America, Greater China and Russia and the successful introduction of new products and campaigns by adidas, Reebok and TaylorMade underline the strength and desirability of our Group brands all around the globe." In the first quarter of 2011, Group revenues grew 18% on a currency-neutral basis as a result of double-digit sales increases in Wholesale, Retail and Other Businesses. The Group's net income attributable to shareholders increased 25% versus the prior year level. The exceptional start to 2011 has set the adidas Group up for another strong year of financial performance. Management now forecasts adidas Group sales to increase at a high-single digit rate on a currency-neutral basis in 2011.