Home / Knowledge / News / Apparel/Garments / Q2 operating profit zooms 77% at Adidas
Q2 operating profit zooms 77% at Adidas
Aug '16
Operating profit at German sports goods and sportswear retailer Adidas zoomed 77 per cent from a year ago quarter to €414 million, as a result of a higher gross margin as well as operating expense leverage.

Revenues too soared 21 per cent year on year on a currency neutral basis and 13 per cent in euro terms to €4.4 billion in the second quarter of 2016.

“The positive impact from the early termination of the Chelsea F.C. contract, which lifted the second quarter's operating income, also contributed to the improvement,” Adidas said.

Resultantly, net income from continuing operations surged 99 per cent to €291 million in the reporting quarter as against €146 million in the prior year' second quarter.

“Basic earnings per share from continuing and discontinued operations totaled to €1.45 in the quarter under review, reflecting a 100 per cent increase over the earlier year's second quarter,” the company added.

Following the excellent second quarter results, Adidas has upwardly revised its full year outlook and now expects currency-neutral sales to grow at a rate in the high teens in 2016.

Net income from continuing operations is now forecast to increase at a rate between 35 and 39 per cent as against the previously announced 25 per cent increase. (AR)


Fibre2Fashion News Desk – India

Must ReadView All

Textiles | On 29th May 2017

Special package creates 7,50,000 jobs in garment sector

The special garment package of Rs 6,000 crore that was introduced by...

Md Siddiqur Rahman, president, BGMEA, addressing a press conference with other dignitaries. Courtesy: BGMEA

Apparel/Garments | On 29th May 2017

BGMEA asks govt for 5% incentive for 2 years in Budget

The Bangladesh Garment Manufacturers and Exporters Association...

Textiles | On 29th May 2017

Tintex, Bruckner bring new effects to knitted fabric

The textile company Tintex has joined hands with the system supplier...

Interviews View All

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Suresh Patel
Sidwin Fabric

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

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
May 2017

May 2017

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


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search