Adidas CEO sees 2012 sales exceed 14.5 billion euros
FRANKFURT (Reuters) - 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)
- Tweet this
- Share this
- Digg this
India could allow commercial coal mining by foreign companies if they set up units in the country, opening the door for global giants like Rio Tinto to access the world's fifth largest coal reserves, a source familiar with the matter said. Full Article