The performance of Adidas has continued to be higher than its
competitors. In the third quarter of 2012
, its turnover and profit increased
dramatically. However, Rebook Company that was its American subsidiary company
encountered the problem, so it ranked only second to Nike's second biggest
sports brand. Adidas Company cut the expected value of its turnover this year
down. Because after the fraud case, it required to supply Rebook India company's
restructuring with financial support. Adidas expected that in the fourth
quarter, it will fall into deficit.
However
Bengals
Sam Hubbard Jersey , it was expected by Herbert Hainer who the
president of the group that just like 2012, the company will set a record on its
turnover and profit in the next year. It was announced by Adidas Group on
Thursday (November 8) that there was a fourteen percent increase on the surplus
of the group and reached to 344 million euros from this year's June to
September. The turnover rose eleven percent and reached to 4.2 billion euros.
And this realized the market expectation before. An analyst has been interviewed
by Reuters, and it was expected by him before that the average turnover in the
third quarter of Adidas group will be 4.15 billion euros and the net earnings
will reach to 335 million euros.
In the third quarter, what pushed Adidas
group's performance rise mainly was the specialty shop retail. There was almost
no growth to the wholesale business. There was a respective ten percent increase
on the turnover of Adidas in eastern Europe, China and Latin America after the
exchange rate's adjustment
Cheap
Marshall Newhouse Jersey , and the increase was the largest.
However, there was as mush as twenty-five percent decline to Reebok's
performance. North American market, therefore, showed an overall decrease. The
performance development of Adidas was the best compared with Nike and Puma.
Although Nike group appeared a strong growth, the entirety and products'
turnover decreased.
As for Europe
Cheap
Dorian O'Daniel Jersey , Puma group showed a quite strong
dependence. So it has been completely affected by the debt crisis. In order to
deal with the profit decline and the dim prospect, Puma group's management made
the largest adjustment during the twenty years. Adidas company's profit this
year is going to range between 770 million euros and 785 million euros, and it
will set a record. The corresponding increase may range from fifteen percent to
seventeen percent. In the former nine months, the profit of Adidas group has
reached to 798 million euros. In the fourth quarter, Adidas group may have some
losses. In addition
http://www.sandiegochargersteamonline.com/justin-jones-jersey ,
it was expected that throughout 2012, the turnover growth of Adidas group will
be lower than the percent.
Article Tags: Third Quarter, Adidas Group, Million
Euros
.
Cheap
Kobe Bryant Jersey ,
Cheap
Paul George Jersey ,
Cheap
Louis Williams Jersey ,
Cheap
C.J. Miles Jersey ,
The Wall