FRANKFURT Adidas, the world's No. 2 sportswear group, expects sales to be "higher than 14.5 billion euros" this year, Chief Executive Herbert Hainer told German newspaper Sueddeutsche Zeitung.
Adidas has so far forecast sales of about 14.5 billion euros in 2012, up from 13.3 billion in 2011. According to Thomson Reuters database Starmine, Adidas is expected to achieve 14.9 billion euros in sales this year.
Hainer also said, without elaborating, that Adidas would launch a new running shoe that would "revolutionise the market."
(Reporting by Christoph Steitz; Editing by Richard Chang)
Trending On Reuters
India's biggest automaker by revenue reported a drop in quarterly net profit due to a spike in costs despite steady sales of its luxury Jaguar Land Rover unit and an increase in demand for its cars in its home market. Full Article
Shake-up in key Samsung assets to cement heir's grip as succession looms Full Article