Company Earnings UpdateAdidas (ETR: ADS) FY17 and 4Q17 Results: Another Strong Year, but Profits Dented by US Tax Impacts Coresight Research March 15, 2018 Executive Summary Adidas grew FY17 group revenues by 16% at constant currency, but revenues were just shy of analysts’ expectations. Operating profit of €2.1 billion was up 30.8% year over year and was slightly above the consensus estimate. In FY18, the company expects to grow sales by approximately 10% excluding currency effects and to increase operating profit by 9%–13%. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: CEO Brief: A Turning Point for US Consumers and the Economy?Analyst Corner: Controversy Persists Around Price Gouging with Electronic Shelf Labels, with John HarmonRetail-Tech Landscape: Shoptalk US “Shark Reef” Startup Pitch, 2016–2025Three Data Points We’re Watching This Week, Week 8
