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Adidas AG Lowers FY 2013 Guidance

Thursday, 19 Sep 2013 01:49pm EDT 

Adidas AG announced that it expects a low-single-digit currency-neutral sales increase (previously: low- to mid-single digit increase) for the full fiscal year 2013, an operating margin of around 8.5% (previously: approaching 9.0%) and net income attributable to shareholders to increase at a mid-single-digit rate to a level of EUR 820 million to EUR 850 million (previously: EUR 890 million to EUR 920 million). According to I/B/E/S Estimates, analysts on average are expecting the Company to report fiscal year 2013 net income of EUR 882.17 million. 

Company Quote

-0.4 -0.67%
15 Aug 2014