Video From adidas Available on thenewsmarket.com: adidas Group Releases 2010 Financial Results

Mar 02, 2011, 06:05 ET from thenewsmarket.com

NEW YORK, March 2, 2011 /PRNewswire/ -- Get content from adidas at:

http://www.thenewsmarket.com/Releases/StoryDetailPage.aspx?GUID=9a535fc6-cca3-4ea1-819a-7d4e0acf8f0c

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 euros 2.931 billion in the fourth quarter from euros 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 euros 567 million from euros 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.

About thenewsmarket.com

thenewsmarket.com delivers free broadcast- and streaming-quality video and multimedia content directly to media around the world, 24/7. More than 25,000 media outlets in 190+ countries use thenewsmarket.com, including the AP, BBC, CNBC, CNN, France 24, N24, nytimes.com, RAI, TVE, ZDF and a lot more.  

Registered journalists can preview and download video, audio, text, graphics and photos at http://www.thenewsmarket.com.

If not already registered, please take a moment to sign up - registration is quick, easy and free: http://www.thenewsmarket.com/registration

We are always happy to receive your feedback, suggestions or enquiries. Email us at journalisthelp@thenewsmarket.com

Story Id: 21897

SOURCE thenewsmarket.com



RELATED LINKS

http://www.thenewsmarket.com