Daily Management Review

Adidas profit rises by 13.5% in January-September 2019


Net profit attributable to shareholders of the German manufacturer of sportswear and equipment Adidas AG increased in January-September by 13.5% in annual terms to €1.809 billion.

Earnings per share rose to €9.13 from €7.86 a year earlier. Revenues increased by 6.7% to €17.802 billion.

Net profit in the III quarter decreased by 1.8% to €646 million. Earnings per share amounted to €3.27. Revenues rose 9.1% to €6.41 billion. 

According to the company's forecast, net profit in 2019 will amount to €1.88-1.95 billion, which is 10-14% higher than in 2018.

"We confirm our forecast for the whole year and remain confident in a significant acceleration of revenue growth in the IV quarter. Despite some difficulties, 2019 will be a record year, this is another important milestone on the way to achieving our goals for 2020," Adidas CEO Kasper Rørsted said.

Adidas AG was founded in 1924 by Adolf Dassler; the firm produces sports shoes, clothing and equipment.

source: bloomberg.com

Science & Technology

Apple to come up with AR glasses

WEF: Big data regulation becomes a problem

Israeli Firm Accused Of Spying By WhatsApp, Lawsuit Filed Against It

Google Used Quantum Computer To Solve Complex Problem

Mars Had Earth-like Salt Lakes

Study: AI is not as profitable as you might think

Porsche, Boeing set to develop flying electric car

Samsung to invest $ 11 billion in new generation displays

US is betting on Nokia and Ericsson to replace Huawei

UPS becomes first to receive full regulatory approval for UAV shipping in USA

World Politics

World & Politics

Vale hiding information about problems at Brazilian dams could result in death of 270 people

US Lawmakers Introduce Bill About Xinjiang Uygur Camps In China

European Council agrees to extend Brexit again

Pressure From China Forces Maserati To Dissociate From Film Awards Event In Taiwan

China to replace Hong Kong's Carrie Lam

Iran warns of new reduction in nuclear deal liabilities

Dominican Republic lost $ 200 million because of scandal with tourists death

France: We will take measures to protect our military in Syria