UPDATE 3-Football fever gives Adidas confidence for 2010

Wed Nov 4, 2009 2:46pm GMT
 
Email | Print | | Single Page
[-] Text [+]

* Q3 net income down 30 pct at 213 mln vs 208 mln poll avg

* Q3 sales down 6.3 pct at 2.89 bln eur vs 2.94 bln in poll

* Gives more detailed 2009 outlook, aims for Q4 profit

* Cautiously optimistic for 2010

* Shares rise 3.3 pct, among top gainers in DAX index

(Recasts, adds CEO, CFO comments and detail)

By Eva Kuehnen

FRANKFURT, Nov 4 (Reuters) - Adidas AG (ADSG.DE), the world's second-largest sports goods maker, is confident on consumer demand heading into the Christmas season and ahead of next year's soccer World Cup, after posting an in-line third quarter.

"I strongly believe the worst is over," Chief Executive Herbert Hainer said on a conference call on Wednesday.   Continued...

 

Market Update

  • UKUK
  • USUS
  • Europe
  • Asia
  • UK Most Actives

Most Popular Business News on Reuters UK

  • Articles
  • Videos