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Finance

Posted By Global Banking and Finance Review

Posted on January 21, 2025

Adidas reports fourth-quarter sales and profitability gains

LONDON (Reuters) - Adidas reported what it said were better than expected preliminary fourth-quarter results on Tuesday, with strong sales and profitability for the important holiday shopping period.

The sports equipment and apparel company said revenue was up 19% year on year in currency neutral terms while its gross margin increased by 5.2 percentage points to 49.8%.

(Reporting by Helen Reid; Editing by David Goodman)

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