Adidas-Salomon AG CEO Herbert Hainer on Tuesday said his company will hit its 2002 earnings growth target of five to 10 per cent.

The head of the German sportswear giant said: "We are looking at sales growth of approximately five per cent in 2003, and earnings per share (growth) at least as good as this year or even a little better."

Last month the firm posted a 15.2 per cent year-on-year jump in third quarter net profit to 131 million euros on the back of soaring sports shoe sales.