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Adidas bullish on growth as sales rise again
THE world’s second biggest sports goods maker, Adidas, yesterday announced an upbeat outlook for 2011.
Adidas forecasts a rise of 10-15 per cent in earnings per share in 2011.
The company also reported strong sales in the US and eastern Europe of €3.47bn (£3.05bn) in the third quarter, beating analysts’ forecasts and cheering investors.
Adidas – which also owns the US brand Reebok – had previously enjoyed a boost from sales related to the 2010 World Cup.