Sweden Herald
Adidas better than expected as
Photo: Matthias Schrader AP/TT
Business

Adidas better than expected as first quarter operating profit rises 16 percent to 705 million euros

German company Adidas - a major manufacturer of footballs, shoes and sportswear - is doing better than expected.

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Operating profit for the first quarter rose 16 percent year-on-year to 705 million euros. This compares with an average forecast of 647 million euros among analysts, Bloomberg reports.

Turnover rose just over 7 percent to 6.6 billion euros, compared to the expected 6.3 billion euros.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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