2025-01-22 01:49:26
Business
Companies
Finance
Adidas Surpasses Expectations with Remarkable Growth
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gmx
Schaeffler misses expectations
Economy
Finance
Schaeffler, an automotive and industrial supplier, missed its targets in 2022. Sales rose to 18.2 billion euros, but fell short of the 18.5 billion euros analysts had expected. The adjusted EBIT margin fell from 7.3% to 4.5%, instead of the targeted 5-8%. The weak performance of the Vitesco and Bearings & Industrial Solutions divisions as well as the reduction of 4,700 jobs in Europe had a negative impact.
gmx
Adidas with strong growth - forecasts exceeded
Economy
Finance
Adidas exceeded expectations in the 4th quarter with sales of 6 billion euros (+24%) and operating profit of 57 million euros. For the full year, sales increased by 11% to 23.7 billion euros, currency-adjusted growth was 12% and operating profit was 1.3 billion euros. Thus, the Herzogenaurach-based company, which had already raised its forecast several times last year, exceeded expectations. CEO Björn Gulden expressed himself "very satisfied" with the "strong dynamics" despite a generally diff..
Tagesspiegel
Booming Business: Adidas with Strong Growth - Forecasts Exceeded
Economy
Finance
Adidas, the sportswear company, exceeded expectations in the 4th quarter; revenue rose by 24% to 6 billion euros, operating profit was 57 million euros. For the full year, revenue grew by 11% to 23.7 billion euros, and operating profit reached 1.3 billion euros.
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