Adidas outlook hit by strong euro, weak golf sales
Adidas the world’s second-largest maker of sporting goods, has cut back its profit forecast citing the euro’s strength, a glitch in a Russian distribution site and weakness in the global golf market.
Adidas the world’s second-largest maker of sporting goods, has cut back its profit forecast citing the euro’s strength, a glitch in a Russian distribution site and weakness in the global golf market.
Net income this year will be between €820 million to €850 million, the German company said in a statement after the market closed yesterday.
Adidas had previously forecast net income of €890 million to €920 million.
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