
Customs uncertainty pushes Adidas share price down
The group did not raise its forecast for operating profit (EBIT) this year, according to investment bank Jefferies. Now, experts are questioning whether the uncertain situation will also lead to more turbulence for wholesale order books.
The strong euro weighed on sales development, as the Herzogenaurach-based company announced. Revenues increased by around two percent to 5.95 billion euros. Currency-adjusted, Adidas achieved an eight percent increase.
Operating profit improved by 57.7 percent to 546 million euros, exceeding analysts' expectations. Adidas benefited from fewer discounts, as well as lower product and freight costs.
For the remainder of the year, the company continues to see 'potential for improvement'. However, US customs policy poses high risks. This article was translated to English using an AI tool.
FashionUnited uses AI language tools to speed up translating (news) articles and proofread the translations to improve the end result. This saves our human journalists time they can spend doing research and writing original articles. Articles translated with the help of AI are checked and edited by a human desk editor prior to going online. If you have questions or comments about this process email us at info@fashionunited.com

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