Did you hear?... Adidas-Salomon reports net income up by 15 percent

Despite North American sales that remain flat for the company, Adidas-Salomon reported worldwide net income up by 15 percent to euro 208 million for 2001.
Author:
Publish date:

Despite North American sales that remain flat for the company, Adidas-Salomon reported worldwide net income up by 15 percent to euro 208 million for 2001. The company reported the figure was exactly in line with company forecasts and targets published in early 2001. Adidas-Salomon stated that, "Sales increased in all regions with the exception of North America. Gross margin for the Group was maintained at 42.6 percent, despite the negative effects of a strong US dollar and the highly promotional retail environment in North America."

Related

adidas-Salomon 4th Q sales grow 8 percent

In the fourth quarter, adidas-Salomon was on a roll. Net sales grew 8 percent (on a currency-neutral basis 17 percent), gross margin was up 0.9 percentage points to 42.5 percent, operating profit improved by 21 percent, net income equated to an increase in basic earnings per ...read more