Sports goods giant Adidas-Salomon AG has met its 2004 profits and sales targets, according to chief executive Herbert Hainer.

Hainer, speaking at a news conference in Zurich, Switzerland, said the company was also confident about hitting its 2005 financial targets.

Adidas, the second biggest sporting goods maker after Nike Inc, targeted a 20 per cent rise in net profit in 2004 with currency-adjusted sales growing 5 per cent.

For 2005, it has forecast a net profit increase of 10-15 per cent on sales growth of less than 10 per cent, taking currency effects into account.