Adidas AG (ADDDF.PK,ADDYY.PK) said it continues to project new record sales and earnings for full year 2012, still estimating currency-neutral sales to increase at a rate approaching 10% versus 2011, with earnings per share to increase 15% - 17% to a level between 770 million euros and 785 million euros. The adidas Group's operating margin is forecasted to grow to a level approaching 8%.
In additon, the company expects other businesses to achieve 2015 target already this year, while increasing its brand sales target by 5%. Further, the company sees to achieve global sales of 17 billion euros and operating margin of 11 percent until 2015.
According to the company, the adidas brand would continue to be the engine of the adidas Group with forecasted 2015 sales of 12.8 billion euros.
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by RTT Staff Writer
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