GERMANY: Adidas FY Profit Up 10%, Sees Bright 2003
Sports apparel and athletic shoe giant Adidas-Salomon AG on Thursday posted a 10 per cent jump in full-year net income from 2001 on the back of strong sales and said it expects that growth to continue in fiscal 2003. The company posted net income of 229 million euros ($249m) versus 208 million euros in the year-ago period with sales up seven per cent year-on-year to a record 6.5 billion euros ($7.07bn) with currency-neutral sales up in all regions.
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