Adidas’ exceeds €10 billion in sales
08/03/2007
The group’s net income increased 14% to €496 million from €434 million in 2005, driven by the strong sales and the lower tax rate, which fell 2.3 percentage points to 31.4%.
For 2007, the company expects to increase at a mid-single-digit rate is forecasting revenue growth to be weighted towards the second half of 2007.