adidas delivers strong third quarter results

Major developments in Q3 2018:

  • Revenues grow 8% currency-neutral and 3% in euro terms
  • Gross margin increases 1.4pp to 51.8%
  • Operating margin improves 1.3pp to 15.3%
  • Net income from continuing operations grows 19% to € 656 million
  • Basic EPS from continuing operations up 21% to € 3.26 

We delivered high-quality growth again in Q3. The top-line expansion was driven by double-digit increases across our strategic growth areas North America, Greater China and e-commerce. At the same time, we achieved strong profitability improvements despite a significant increase in marketing investments and severe currency headwinds.

Kasper Rorsted, adidas CEO

“With these results, we are confident to reach a higher-than-expected profitability level in 2018 and remain firmly on track to achieve our long-term targets until 2020,” said adidas CEO Kasper Rorsted.

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2018-11-08T11:18:22-04:00 November 8th, 2018|