adidas Scores World Cup Profits

11 May 2006

   HERZOGENAURACH, GERMANY - Sports equipment giant adidas-Salomon is cashing in on soccer World Cup fever and reports a first quarter profits rise of 37% over the same period last year.
   adidas, which is making replica kits for teams including France, Argentina and host nation Germany, made €144 million ($183m; £98.5m) in the period, ahead of a €129m market estimate. Sales rose 47%.
   The company expects sales of soccer equipment alone to reach €1.2 billion over the full year, up from a previous forecast of €1bn.