2025-01-22 01:49:26
Business
Companies
Finance

Adidas Surpasses Expectations with Remarkable Growth

Image used under license from Shutterstock.com

Adidas has reported an impressive performance in the fourth quarter, exceeding sales and profit expectations. The company generated 6 billion euros in sales, marking a 24% increase, and achieved an operating profit of 57 million euros.

Over the entire year, sales grew by 11% to reach 23.7 billion euros, with currency-adjusted growth at 12%, and an operating profit of 1.3 billion euros. This performance has surpassed the previous forecasts, which had already been raised multiple times.

CEO Björn Gulden expressed great satisfaction with the company's strong momentum, despite challenging retail conditions. He sees potential for further market share growth across all regions.

Adidas plans to present its forecast for 2025 on March 5, with a vision for continued double-digit growth. This achievement highlights Adidas's resilience and strategic prowess in a competitive market environment.

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21. Januar 2025 um 17:38

"Much better than expected": Adidas beats all its forecasts in the end - n-tv.de

Economy
Finance
Adidas, the second largest sports equipment company, significantly exceeded its forecasts for 2022. Operating profit increased by over 1 billion euros to 1.34 billion euros. Sales grew by 11% to 23.7 billion euros.
gmx
21. Januar 2025 um 18:34

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
21. Januar 2025 um 17:46

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
21. Januar 2025 um 17:46

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.
CW

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