• 07-NOV-2013

  • SOURCE: adidas

adidas Group announces Nine Months 2013 Results

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Earlier today, the adidas Group published its Nine Months 2013 results reporting stable Group revenues on a currency-neutral basis. The gross margin of the adidas Group increased 2.1 percentage points to a record level of 49.8% in the first nine months of the year, the operating margin improved 0.4 percentage points to 10.5%. In the third quarter of 2013, Group sales in Latin America were up 12%, Group sales in Greater China grew 9%, both on a currency-neutral basis, offsetting sales declines in Western Europa and North America. Reebok continues to grow with currency-neutral revenues increasing 5% in Q3 2013.