• 08-AUG-2013

  • SOURCE: adidas

adidas AG: First Half 2013 Results

The adidas Group published its First Half 2013 results reporting stable Group revenues on a currency-neutral basis as a result of growth in Retail and Other Businesses. The gross margin of the adidas Group increased 2.1 percentage points to 50.1% in the first half of the year, the operating margin improved 0.7 percentage points to 9.7%. The Group´s net income attributable to shareholders increased 6% to € 480 million, resulting in record earnings per share of € 2.29 for the first six months. In the second quarter of 2013, Group sales in Latin America were up 21% on a currency-neutral basis. Currency-neutral sales at Reebok grew 11% in Q2 2013