Reebok Acquisition Affects Adidas Numbers

10 August 2006

HERZOGENAURACH, GERMANY: The world's number two sporting-goods maker Adidas says earnings growth slowed because of the cost of integrating Reebok - acquired in 2005 - with its other units.

Second-quarter net income rose 24% to €82 million ($105m; £55m), while sales jumped 60% to €2.43bn, helped by the recent German-hosted soccer World Cup tournament.

Ceo Herbert Hainer paid $3.8bn for Reebok last year in an attempt to catch up with number one rival Nike by adding US market share.