Sportswear giant Adidas has posted an increase of 16 per cent to € 16.915 billion in its revenue for the full year 2015 as against to € 14.534 billion in 2014.
Gross profit at Adidas zoomed 18 per cent to € 8.168 billion last year compared to € 6.924 billion in in the comparable period of prior year. Gross margin too surged to 48.3 per cent as compared to 47.6 per cent in 2014. Net income of the brand from continuing operations rose 22 per cent to € 686 million in 2015 from € 564 million in 2014, the company release mentions.
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Commenting on the results, Herbert Hainer, CEO of Adidas averred, “2015 was a very successful year for the company. We reached all our major financial goals and exceeded our initial top- and bottom-line targets. Our products are in high demand with consumers in every part of the world. This gives us every confidence that we will again grow the top- and bottom-line at a double-digit rate this year.”
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Optimistic about 2016, the Group is expecting 10 per cent growth this year. Founded in 1924, German apparel retailer Adidas designs and manufactures sports shoes, clothing and accessories. It is the largest sportswear manufacturer in Europe and the second biggest in the world.
