Posts tagged as taylormade

  • adi_29169

    Thursday, November 5th 2015

    Adi raises 2015 outlook following a good nine months

    by Markus Huber

    In its third quarter, Adidas Group lifted its sales in constant currencies by 13 percent with a double-digit growth in basically all regions but Russia and Eastern Europe. In euros, sales were up by 18 percent and reached €4,758 million. Besides strong development of the Adidas brand, the development derived partly from the growth of […]

  • adidas_berlin

    Thursday, March 26th 2015

    Adidas trusts in open sourcing to ensure future growth

    by Markus Huber

    At today’s investor day held in Herzogenaurach, Adidas Group is presenting its plans for future growth through 2020. One of the key factors is open sourcing, a subject which is equally pushed by ISPO to provide input from retailers, athletes and consumers to the brands. Adidas’ management said that the group’s core brand as well […]

  • The golf division around TalorMade continues to weigh heavily on Adidas' results.

    Thursday, November 6th 2014

    Adidas performs well, but struggles with currencies and golf

    by Markus Huber

    In constant currencies, the Adidas Group reports substantial growth in basically all regions and product categories but North America and golf for the third quarter ended Sept. 30. Group sales were up by 9 percent due to a strong development of own retail in the double digits and wholesale in the high single digits. In […]

  • Thursday, August 7th 2014

    Adidas cannot escape currency effects

    by Markus Huber

    On a currency-neutral basis, figures for the first half of 2014 and the second quarter are not so bad, but exchange rates weigh heavily on the company’s results in euros. In its second quarter, the group managed to boost global sales by 10 percent with double-digit growth in Germany, the U.K., Spain and Italy, which led […]

  • Russia: a major construction area for Adidas.

    Friday, August 1st 2014

    “Route 2015” still a long way off: Adidas Group issues profit warning

    by Markus Huber

    Adidas has announced major adjustments as far as plans for future growth in terms of sales and profits are concerned. The group dismisses the projection of high single-figure sales increases for the current financial year and now expects its increase in turnover to be in the mid to high single-figures. Projected earnings were reduced to €650 million after […]

  • Thursday, May 8th 2014

    Adidas: no unconditional surrender on May 8


    This Thursday, May 8th, Adidas chief executive Herbert Hainer took a stand to calm worried investors at their annual general meeting in Fürth, Germany. The eve of the AGM was overshadowed by harsh criticism from institutional investors and unsatisfactory figures for the first quarter which ended on March 31st. Hainer summarized his altogether positive outlook […]

  • Wednesday, March 5th 2014

    Adidas still struggles with currency issues

    by Markus Huber

    Adidas released its figures for the 2013 financial year today. Overall sales in Euros were down by 3 percent to nearly €14.5 billion. In constant currencies, however, turnover was up by 3 percent. In Euros, wholesale was down by 5 percent to €9.1 billion, while retail improved by 2 percent to almost €3.5 billion. In […]

  • Monday, November 11th 2013

    Adidas faces uphill fight against unpleasant exchange rates

    by Markus Huber

    Adidas Group’s sales remained flat in the third quarter on a currency-neutral basis, but declined by 6 percent in western Europe, partially due to the tough ongoing economic situation in certain countries in the region. On a currency-neutral basis, Eastern Europe was up by 2 percent, but North America was down by 5 percent, mainly […]