German sports goods giant Adidas AG (ADDDF.PK, ADDYY.PK) posted a rise in its third-quarter net income attributable to shareholders to 344 million euros, from the prior year's 303 million euros, with IFRS earnings per share rising to 1.64 euros, from 1.45 euros last year.
Quarterly Group revenues totaled 4.17 billion euros, up 11% from 3.74 billion euros in the third quarter of 2011. In the third quarter of 2012, Group revenues grew 4% on a currency-neutral basis, driven by double-digit sales increases in Retail.
In addition, the management has decided to adjust the full-year 2012 adidas Group sales guidance, by now forecasting it to increase at a high-single-digit rate on a currency-neutral basis in 2012.
However, 2012 net income attributable to shareholders is still projected to increase at a rate of 15% - 17% to a level between 770 million euros and 785 million euros, equating to basic earnings per share between 3.68 euros and 3.75 euros.
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