Adidas-Salomon AG on Tuesday said it is on track to grow net profit by 10-15 per cent this year but cautioned that North American full-year sales this year will be below last year's level.

Speaking at an investor conference, the company's chief financial officer Robin Stalker, said the sporting goods firm expected a significant deterioration in the order backlog at its Adidas America division this year, but forecast a rebound in North America in 2004.