German sports goods giant Adidas AG (ADDDF.PK,ADDYY.PK) posted 17.9% higher second-quarter net income attributable to shareholders of 165 million euros, compared with last year's 140 million euros, with quarterly earnings per share rising 18% to 0.79 euros, from 0.67 euros in the 2011 period.
Net sales totaled 3.52 billion euros, up 14.8% from 3.06 billion euros in the previous year. In the second quarter of 2012, Group revenues grew 7% on a currency-neutral basis, driven by double-digit sales increases in Retail and Other Businesses.
Looking ahead, the company said it continues to forecast Group sales to increase at a rate approaching 10% on a currency-neutral basis in 2012.
For 2012, net income attributable to shareholders is now projected to increase at a rate of 15% - 17% to a level between 770 million euros and 785 million euros, compared with its earlier expectation of a growth at a rate of 12% - 17% to a level between 750 million euros and 785 million euros. Full-year basic earnings per share is currently estimated to lie between 3.68 euros and 3.75 euros, versus its previous range of 3.58 euros and 3.75 euros.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.