Adidas Q4 Net Profit Jumped 29% to 1.7 Billion Euros for 2018

Adidas AG ended 2018 with a spike in fourth-quarter earnings, wrapping a year of record sales and the highest margin in the company’s history, fueled by double-digit growth in Adidas North America, China and e-commerce.

Net income from continuing operations in the three-month period, excluding a negative one-time tax impact, were up 29 percent to 93 million euros ($105 million), with sales rising 3.5 percent to 5.23 billion euros, coming off a high base.

Net income in full-year 2018 rose 19.5 percent to 1.7 billion euros, with revenues rising 3.3 percent to 21.91 billion euros, driven by double-digit growth in Adidas’ Sport Inspired category and high-single-digit gains in Sport Performance.

The company’s operating margin increased 1.1 percentage points year-on-year to 10.8 percent.

Watch on FN

In terms of outlook, the German activewear giant on Wednesday said it expects top-line growth of between 5 percent and 8 percent in 2019.

To read the full story, please go to WWD.com

Fit Analytics is available on both Sponsored By Fit Analytics

The Data Behind Your Perfect Fit

With Fit Analytics, data fuels not just personalized recommendations but an individual shopping experience.
Learn More

Access exclusive content