Adidas Profits High-Jump

04 November 2004

The world's insatiable appetite for the latest training shoes has boosted sports goods giant Adidas-Salomon's profits by 19% in the third quarter.

The Germany-based company made €179 million, ($228m, £124m) on sales of €1.95 billion and expects earnings to rise by 20% this year.

Says chairman and ceo Herbert Hainer: "The first nine months of 2004 have been exceptionally successful for Adidas-Salomon, financially and operationally.

"We've delivered an impressive turnaround in the key region North America, we are on track with our raised performance targets for the year, and we were the dominant brand at the Olympic Games in Athens and the European Football Championships in Portugal."

Data sourced from BBC Online; additional content by WARC staff