Sports goods giant adidas-Salomon has confirmed its profit and sales growth predictions for 2005, and has forecast doubled Asian sales by 2008.

Adidas expects net profit to rise 20 per cent this year, with sales growth in the mid to high single-digit percentage range.

The company said it expects double-digit net income growth in the medium term after it has completed its purchase of rival company Reebok.

Adidas also said it foresees large-scale sales increases on its Asian markets on growth in demand for athletic apparel in China and better Japanese revenue.

Chief executive Herbert Hainer said Asian sales are on line to top €2 billion by 2008. Revenue there increased 12 per cent to €1.25bn in 2004.

Hainer also said the company will become the sports market leader in Japan in terms of sales and market share this year.

Adidas's acquisition of Reebok will bring the company's market share nearer to that of rival Nike Inc, currently the world leader in sporting goods.