AD-HOC: adidas Group increases 2010 financial outlook

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For immediate release
Herzogenaurach, April 22, 2010



AD-HOC: adidas Group increases 2010 financial outlook


Herzogenaurach - adidas Group today announces preliminary results for the first
quarter of 2010.



Group revenues increased 4% both on a currency-neutral basis and in euro terms
to almost ? 2.7 billion. As a result of increased gross margin and operating
expense leverage, Group operating profit increased to ? 260 million in the first
quarter of 2010 (2009: ? 58 million). The settlement of a lawsuit and the
divestiture of a trademark both contributed a low-double-digit million euro
amount each to this development. Net income attributable to shareholders
increased to ? 168 million (2009: ? 5 million). Diluted earnings per share
amounted to ? 0.80 in the quarter (2009: ? 0.04).



Following the stronger than expected first quarter performance, Management now
forecasts full year earnings per share to reach a level between ? 2.05 and ?
2.30 (previously: between ? 1.90 and ? 2.15). More detail on the revised outlook
will be given with the publication of quarterly results on May 4, 2010.


***


Contacts:

Media Relations                                               Investor Relations
Jan Runau                                                         John-Paul
O'Meara
Chief Corporate Communication Officer                Vice President Investor
Relations
Tel.: +49 (0) 9132 84-3830                                  Tel.: +49 (0)

9132 84-2751

Katja Schreiber                                                  Dennis Weber
Senior Corporate PR Manager                             Senior Investor
Relations Manager
Tel.: +49 (0) 9132 84-3810                                  Tel.: +49 (0)
9132 84-4989

Kirsten Keck
Corporate PR Manager
Tel.: +49 (0) 9132 84-6207

Please visit our corporate website: www.adidas-Group.com


[HUG#1407172]



--- End of Message ---

adidas AG
Adi-Dassler-Straße 1 Herzogenaurach Germany



AD-HOC: adidas Group increases 2010 financial outlook: http://hugin.info/139192/R/1407172/360473.pdf

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Datum: 22.04.2010 - 18:43 Uhr
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