Adidas Group Q3 sales stable on currency-neutral basis

"Despite these challenges, we delivered stable earnings per share in the first nine months. Our industry-leading innovations and strong partnership activations clearly enhance our position as the premium multi-sports company in the industry, which in turn is driving new record gross margins for the Group."

adidas Group currency-neutral sales remain stable in the first nine months of 2013

In the first nine months of 2013, Group revenues remained stable on a currency-neutral basis due to growth in Retail, offsetting sales declines in Wholesale and Other Businesses. Currency translation effects had a negative impact on sales in euro terms. Group revenues decreased 4% to € 11.013 billion in the first nine months of 2013 from € 11.514 billion in 2012.

Nine months Group sales supported by growth in Retail

In the first nine months of 2013, currency-neutral Wholesale revenues decreased 2%, due to sales declines at both adidas and Reebok. Currency-neutral Retail sales increased 6% versus the prior year as a result of sales growth at both adidas and Reebok.

Revenues in Other Businesses decreased 1% on a currency-neutral basis, mainly due to a sales decline at TaylorMade-adidas Golf. Currency translation effects had a negative impact on segmental sales in euro terms.

Adidas Group