GERMANY: Adidas-Salomon Scores Record EUR6.1bn Sales
Sportswear and equipment giant adidas-Salomon AG on Thursday posted record full-year sales for 2001 of 6.1 billion euros, boosted by a two per cent climb in apparel sales and growth in all product categories. Strong footwear sales also helped the group record a five per cent year-on-year climb in annual sales, while fourth quarter operating profit increased four per cent to 55 million euros for the quarter compared to 53 million euros in the same period in 2000.