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Reuters API
Reuters API
Published
Feb 28, 2018
Feb 28, 2018
Adidas CEO says sales grew 15-20 pct in 2017
By
Reuters API
Reuters API
Published
Feb 28, 2018
Feb 28, 2018
German sportswear firm Adidas saw sales rise between 15 and 20 percent to more than 20 billion euros (£17.5 billion) in 2017, helped by growth in China, North America and ecommerce, Chief Executive Kasper Rorsted said on Wednesday.
Rorsted did not say whether he was referring to a currency adjusted figure. Adidas has forecast sales to rise at a currency-adjusted 17-19 percent in 2017. It reports annual results on March 14.
Analysts are forecasting a headline increase of 11 percent to 21.3 billion euros for 2017.
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