Shares of Adidas AG were gaining around 8 percent in the morning trading in Germany after the sportswear maker Wednesday said it expects higher results for fiscal 2022 after reporting strong growth in fourth-quarter attributable net income. Quarterly net income from continuing operations, meanwhile, was lower, with nearly flat revenues. The company also announced higher dividend.
Looking ahead for fiscal 2022, the company expects net income from continuing operations to increase to a level of between 1.8 billion euros and 1.9 billion euros.
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