三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Companies

German sportswear manufacturer Adidas records strong growth in China business

Xinhua | Updated: 2019-05-04 16:23
Share
Share - WeChat
An Adidas store in Beijing. [Photo/VCG]

BERLIN - German sportswear manufacturer Adidas recorded a "strong growth" in China with an increase in turnover of 16 percent in the first quarter (Q1) of fiscal year 2019, the company announced on Friday.

Total turnover amounted to around 5.9 billion euros ($6.6 billion) in Q1, marking a currency-adjusted increase of 4 percent. This development would have been based on an increase in sales of the brand Adidas, driven by the Sport Inspired and Sport Performance divisions, according to the German sportswear manufacturer.

"We had a successful start to the year, delivering double-digit sales increases in our strategic growth areas Greater China and e-commerce as well as another strong profitability improvement," commented Kaspar Rorsted, chief executive officer (CEO) of Adidas.

In Russia and emerging markets, Adidas also saw strong increases in sales with 22 percent and 10 percent respectively.

The direct-to-customer business of Adidas also developed particularly strongly with "double-digit growth rates", supported by e-commerce where sales grew by 40 percent in the first quarter.

Subsidiary Reebok, however, reported a currency-adjusted decline of 6 percent in turnover "despite growth" in its Classics division in Q1, Adidas announced.

In Q1, Adidas' operational profit margin increased to 14.9 percent mainly due to a higher gross margin, "which more than offset the investment-led increase in other operating expenses", according to Adidas. The higher margins of the German sportswear company were attributable to lower sourcing costs, favorable currency developments as well as a better product and distribution channel mix.

"We confirm our full-year outlook and remain confident about the top-line acceleration in the second half of the year. 2019 will be an important milestone toward achieving our 2020 targets," forecast Rorsted.

Adidas is expecting its turnover to increase by 5 to 8 percent in the fiscal year 2019. In addition, the operational profit margin is set to increase by 0.5 to 0.7 percentage point to up to 11.5 percent for the whole fiscal year.

Investors on the stock market reacted positively after the publication of Adidas' quarterly figures. Shares of the German sportswear manufacturer temporarily increased by over 6.5 percent and were the clear winner in the German stock index DAX. With a price tag of over 240 euros per share, Adidas shares are currently the most expensive shares in the DAX.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 九九成人免费视频 | 制服丝袜 自拍偷拍 | 欧美成人一区二区三区不卡视频 | 污污网站在线免费观看 | 夜夜拍夜夜爽夜夜拍拍拍 | 日本人伦一区二区三区 | 爽的毛片 | 日韩中文字幕高清在线专区 | 欧美 日韩 中字 国产 | 日本高清高色 | 国产成人免费无庶挡视频 | 成人一级毛片 | 免费人成在线视频播放2022 | 亚洲色色色图 | 亚洲一区二区三区国产精品 | 国产成人精品免费视频大全麻豆 | 综合区小说区图片区在线一区 | 国产午夜精品久久久久免费视小说 | 搜索黄色录像 | 国产精品亚洲欧美大片在线看 | 99热国产这里只有精品免费 | 日本一级特黄毛片免费视频9 | 国产亚洲精品久久麻豆 | 成人午夜看片 | 中国免费一级片 | 韩国19禁青草福利视频在线 | 看免费一级毛片 | 国产成人www免费人成看片 | 亚洲欧美一区二区三区另类 | 色香欲综合成人免费视频 | 国产精品系列在线 | 91久久国产露脸国语对白 | 欧美成人毛片 | 五月国产综合视频在线观看 | 青青草手机在线观看 | 69精品免费视频 | 求一个黄色网址 | 69久成人做爰视频 | 欧美a欧美1级 | 亚洲区一二三四区2021 | 国产午夜不卡在线观看视频666 |