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09.11.2006 – 07:31

adidas AG

euro adhoc: adidas AG
Earnings Forecast
adidas Group adjusts net income guidance for 2007

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
The Executive Board of adidas AG has decided to increase investment
in the Reebok segment in 2007. This includes investments in
advertising, new media, point-of-sale communication, product
development and initiatives to grow the brand in emerging markets.
Management believes this strategy will significantly strengthen
Reebok’s medium- and long-term position in the marketplace. As a
result, Reebok’s profit growth in 2007 will be lower than originally
expected. Therefore, 2007 net income growth for the Group is now
projected to approach 15% against the 2006 level. Originally, the
Group had expected to grow net income by 20%.
The Group’s medium-term guidance remains unchanged. Detailed guidance
for 2007 will be provided with the announcement of the Group’s 2006
Full Year Results on March 7, 2007.
end of announcement                               euro adhoc 09.11.2006 06:54:20

Further inquiry note:

Dennis Weber
+49 (0)9132 84 2920

Branche: Recreational & Sports goods
ISIN: DE0005003404
WKN: 500340
Index: DAX, HDAX, Prime All Share, CDAX
Börsen: Frankfurter Wertpapierbörse / official dealing/prime standard
Börse Berlin-Bremen / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Niedersächsische Börse zu Hannover / free trade
Bayerische Börse / free trade

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