adidas currency-neutral sales up at double-digit rate in Q3
09 Nov '10
3 min read
This was mainly due to higher sales and marketing working budget expenses. As a result of the higher gross margin, the Group's operating margin increased 0.2 percentage points to 11.8%. Operating profit improved 22% to € 411 million compared to € 336 million in 2009. In the third quarter of 2010, the Group's net income attributable to shareholders increased 25% to reach € 266 million (2009: € 213 million). Diluted earnings per share increased to € 1.27 (2009: € 1.03).
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