German sports goods giant Adidas AG (ADDDF.PK,ADDYY.PK) reported fourth-quarter 2012 IFRS net loss attributable to shareholders of 272 million euros, or 1.30 euros per share, as against a profit of 3 million euros, or 0.02 euros per share, a year back. Excluding goodwill impairment losses, net loss attributable to shareholders stood at 7 million euros for the reporting period.
On the other hand, in the 2012 fourth quarter, Group revenues grew 1% on a currency-neutral basis. Group revenues totaled 3.37 billion euros in the quarter, up 4% from 3.24 billion euros in 2011.
During the latest quarter, the Group's gross margin rose 2.0 percentage points to 47.6%, as the positive impact from product price increases, a more favourable product and regional sales mix as well as a larger share of higher-margin Retail sales more than offset the increase in input costs.
For 2013, adidas Group sales are forecasted to increase at a mid-single-digit rate on a currency-neutral basis, with the currency translation expected to negatively impact top-line development in reported terms. Further, the Group expects 2013 operating margin for the Group to increase to a level approaching 9.0%. Full-year earnings per share are likely to increase at a rate of 12% to 16% to a level between 4.25 euros and 4.40 euros.
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