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German sports goods manufacturer Adidas reported that in 2018, revenue and profit margins reached record levels due to substantial sales growth in North America and China, as well as due to increased sales through online stores. Revenues amounted to 21 billion 920 million euros, an increase of 3%. Revenue, which does not take into account currency fluctuations, showed an increase of 8%. The company increased its net profit from continuing operations by 20%, its annual rate reached 1 billion 700 million euros. Operating margin was 10.8%, up 1.1%. At the end of the year, the company will pay dividends in the amount of 3 euro 35 cents per share, which is 29% higher than the amount paid in the previous year. Adidas also announced plans to buy back shares worth 800 million euros in 2019.
The Dollar fell to two-year lows on Friday, heading to its lowest decline in 10 years as concerns mounted over the economic recovery of the U.S. amid a second resurgence of the COVID-19 pandemic. The Dollar index plunged to 92.777, on course ...
Oil traded higher on Friday, further reclaiming lost ground from three-week lows in the previous session as the COVID-19 situation continued to dent the global economy as well as oil consumption. Brent crude gained 0.3%, trading at $43.08 ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
Financial markets saw record heights earlier on Friday, with the Euro continuing its 21-month gain streak and gold prices hitting its highest level amid a weakened Dollar. The Euro soared above the Dollar by 1.7%, trading at $1.1616 for the ...
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
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