adidas AG ADR

ADDYY: OTCM (USA)
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Adidas Earnings: Expectations Met, but External Factors Weigh on Outlook; Shares Attractive

Fourth-quarter results matched Adidas' preliminary release on Jan. 29. Revenue increased 2% (10% currency-neutral), and operating margin was 2.7%. On a currency-neutral basis, sales grew 5%, 3%, and 15% in Europe (30% of total), North America (21%), and Greater China (14%), respectively.

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