VIDEO from Adidas Available on thenewsmarket.com: Adidas Group Announces Nine Months 2010 Results
NEW YORK, Nov. 4, 2010 /PRNewswire/ -- See video from adidas at:
During the third quarter of 2010, Group revenues increased 10% on acurrency-neutral basis. Currency-neutral revenues in the Wholesale and Retail segments increased 10% and 16%. Sales for Other Businesses increased 4%. Currency-neutral revenues in Western Europe increased 8% supported by strong growth in the football category. Currency-neutral sales in European Emerging Markets rose 16%, driven by growth in both the Wholesale and Retail segments. Group sales in North America grew 14% on a currency-neutral basis, driven by a 15% sales increase for adidas and a 25% sales increase for Reebok. Currency-neutral sales in Greater China grew 9%, driven by increases in both the Wholesale and Retail segments. Currency neutral sales in Other Asian Markets and in Latin America were both up 7% on a currency-neutral basis. By major brand, adidas and Reebok sales increased 10% and 14% currency-neutral respectively, while Taylor Made adidas Golf sales were up 4% currency-neutral. Currency translation effects had a positive impact on sales in euro terms. Group revenues grew 20% to euro 3.468 billion in the third quarter from euro 2.888 billion in 2009. Available video includes general views of the headquarters and adidas Group facilities.
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