Adidas Group's revenues grew 52% to EUR10.084bn (US$13.25bn) in 2006, exceeding the EUR10bn level for the first time in the group's history, strongly supported by the first-time consolidation of Reebok.

Sales for the Adidas Group excluding Reebok increased 14% to EUR7.548bn for the year, representing its highest organic growth in the last eight years. Double-digit growth was generated in all regions except Europe, where sales increased by high-single-digit rates.

Group operating profit at Adidas rose by 25% for the year.

"2006 was a truly exciting year for the Adidas Group, as we strengthened our brand portfolio by acquiring Reebok and exceeded the EUR10bn sales mark for the first time in the group's history," said Adidas AG chairman and CEO Herbert Hainer.

"Our performance at the 2006 World Cup was a stand-out in leveraging our brand strength, and we clearly delivered strong operational and financial results."

Currency-neutral Adidas brand revenues grew 14% in 2006, while first-time consolidation of the Reebok segment added EUR2.473bn in sales.

The sporting apparel and footwear company's gross margin, however, declined 3.6 percentage points to 44.6% of sales in 2006, while group operating margin declined 1.9 percentage points to 8.7% of sales.

At the group's AGM on 10 May 2007, Adidas' executive and supervisory boards intend to propose a dividend of EUR0.42 per share for the 2006 financial year, the company said.

Looking ahead, Hainer added: "Having turned in a strong 2006, our focus this year will be on getting Reebok back onto a growth track and again achieving further improvements in sales and bottom-line profitability.

"We are also committed to delivering on our medium-term goals and expect increasing momentum throughout the year."