Companies

Adidas Ireland reports surge in sales to €54m after opening Irish retail store

Company’s most recent accounts show a post-pandemic bounce, with an increase in wholesale trading and online sales as well as its new Kildare Village outlet

Adidas paid €64,000 tax on its profits in 2021. Picture: Getty

Sales surged by more than 44 per cent at the Irish arm of Adidas, its most recently filed accounts show, reaching €54.1 million due to increased wholesale trading and rising online sales.

Adidas Ireland Limited, which opened a retail outlet in Kildare Village in 2021, reported a pre-tax profit of €1.28 million in that trading period, which ended on December 31, 2021. The company paid €64,000 in tax on its profits.

Turnover at the company, ...