Today, the adidas Group published its First Quarter 2013 results reporting stable Group revenues on a currency-neutral basis as a result of sales increases in Retail and Other Businesses. The gross margin of the adidas Group increased 2.4 percentage points to a record level of 50.1% in the first quarter of 2013, the operating margin improved 1.1 percentage points to 11.8%. On a currency-neutral basis, inventories were down 2%, reflecting the Group's ongoing strong focus on inventory management. The Group's net income attributable to shareholders increased to € 308 million in the first quarter of 2013 from € 289 million in 2012. This represents an increase of 6% versus the prior year level.