Fashion
Adidas saw its revenue surge in the last fiscal year, according to the athleticwear company’s preliminary results.
Revenue soared 24 percent to €23.68 billion (US$24.70 billion), while gross margin improved to 50.8 percent, with operating profit up 398.9 percent to €1.34 billion.
“We clearly see that consumers’ and retailers’ interest in our products is growing across both lifestyle and performance,” said Bjorn Gulden, Adidas CEO.
“Strong growth across all regions and divisions proves the good job our teams are doing across regions and functions.”
Last October, the company said it expects full-year revenue to rise 10 percent and operating profit to reach around €1.2 billion.
Adidas will publish the final results and 2025 financial guidance on March 5.
