Home / Knowledge / News / Apparel/Garments / Adidas' preliminary 2015 net income up 12%
Adidas' preliminary 2015 net income up 12%
12
Feb '16
Adidas Group, a Germany based sporting apparel, footwear and accessories leader, posted a rise of 12 per cent in its underlying net income from continuing operations to €720 million in 2015 as compared to €642 million in 2014, according to preliminary, unaudited results released by the company.

The growth was primarily attributed to double digit sales growth in Western Europe, Greater China, Latin America and MEAA region, and was achieved despite a tax rate of 32.9 per cent.

Sales at Adidas Group rose by around 16 per cent to €16.9 billion in 2015 as compared to €14.5 billion in 2014. Adidas, as a brand, saw a rise of 12 per cent in its sales.

Commenting on the results, Herbert Hainer, CEO of Adidas Group said, “We are in great shape. Our strategic business plan 'Creating the New' with a clear focus on driving brand desirability has already started to pay off. I am excited to see Adidas and Reebok brands connecting extremely well with consumers around the world and across major lifestyle and performance categories.”

“We will again grow the top and bottom line at a double-digit rate,” he said while speaking about the company's performance in 2016. (MCJ)

Fibre2Fashion News Desk – India

Must ReadView All

Courtesy: Li & Fung

Textiles | On 29th Mar 2017

Li & Fung introduces new 3-year plan 2017-2019

Li & Fung Limited has outlined its next Three-Year Plan (2017-2019)...

Courtesy: Carrington

Apparel/Garments | On 29th Mar 2017

Carrington Workwear signs JV with TMG Textiles

Carrington Workwear, one of the largest producers of workwear fabrics ...

Apparel/Garments | On 29th Mar 2017

Jabong launches Aeropostale on its platform

Jabong has added leading American high-street fashionwear brand,...

Interviews View All

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search