FRANKFURT Nov 8 Adidas expects its
sales and customer base in India will halve there once it has
completed restructuring the business after a fraud was uncovered
there earlier this year.
"Revenues can even be less than half as we want to take only
customers where we can build a healthy sustainable business,"
Chief Executive Herbert Hainer told journalists during a
conference call on Thursday.
Chief Financial Officer Robin Stalker said Adidas had taken
one-off charges of around 60 million euros ($76.5
million)related to the restructuring by the end of September
with a further 10-15 million to follow in the fourth quarter.
They were speaking after Adidas slightly lowered its 2012
sales outlook earlier on Thursday on lower-than-expected sales
($1 = 0.7840 euros)
(Reporting by Victoria Bryan)