adidas AG

EANS-Adhoc: adidas AG
adidas Group increases 2010 financial outlook

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  ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
  adhoc with the aim of a Europe-wide distribution. The issuer is solely
  responsible for the content of this announcement.
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22.04.2010

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 EUR 2.7 billion. As a result of increased gross margin and operating expense leverage, Group operating profit increased to EUR 260 million in the first quarter of 2010 (2009: EUR 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 EUR 168 million (2009: EUR 5 million). Diluted earnings per share amounted to EUR 0.80 in the quarter (2009: EUR 0.04).

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

end of announcement                               euro adhoc
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Further inquiry note:

Dennis Weber
Senior Investor Relations Manager
Tel.: +49 (0)9132 84 4989
E-Mail: dennis.weber@adidas-Group.com

Branche: Recreational & Sports goods
ISIN: DE0005003404
WKN: 500340
Index: DAX, CDAX, HDAX, Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
Hannover / free trade
München / free trade
Original-Content von: adidas AG, übermittelt durch news aktuell

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