Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Adidas confirms targets after better-than-expected Q3  Join our daily free Newsletter

MENAFN - AFP - 08/11/2012

No. of Ratings : 0
Add to Mixx!


 


(MENAFN - AFP) German sportswear and equipment maker Adidas said on Thursday it is sticking to its full-year profit forecasts after its third quarter came in slightly better than expected.

"The strong performance in the first nine months of 2012 has set the Adidas group up for another year of record financial results," it said in a statement.

"Management now forecasts group sales to increase at a high-single-digit rate in 2012," from last year's 13.344 billlion euros (17 billion).

That represents only a fractional downward adjustment from Adidas' previous goal of sales growth "approaching 10 percent."

And full-year net profit was projected to increase "at a rate of 15-17 percent to a level between 770-785 million euros.

In the third quarter, Adidas said its net profit rose by 14 percent to 344 million euros on an eleven-percent rise in sales to 4.17 billion euros.


 






  MENA News Headlines


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help