BERLIN: Adidas AG, the German sport-shoe maker, forecast an increase in earnings this year as consumers spend more, making it easier to sell higher-priced goods and offset rising costs.
Net income from continuing operations is set to increase 10 to 12 percent excluding goodwill impairment, Adidas said yesterday.
Operating margin excluding goodwill impairment is to be at least stable compared with last year’s 6.5 percent. Gross margin is set to narrow as much as 1 percentage point due to higher purchasing costs in Asia.
