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The German sporting goods manufacturer Adidas reported that in the first quarter its net profit increased by 17.1% relative to the same period a year earlier, reaching 632 million euros. The index exceeded the forecasts of economists, who had expected its growth to 567 million euros. Net profit from continuing operations was 16.5%. Revenues amounted to 5.88 billion euros, rising by 6.1% over the year. The market forecast assumed a figure of 5.8 billion euros. The company reported an increase in operating profit margin by 1.4 percentage points to 14.9%. Adidas increased sales in North America by 11.2%. Its rate in the Asia-Pacific region grew by 15.2%. Sales in Western Europe decreased by 3.3%. Adidas increased sales in the global market by 6.8%, while the Reebok brand fell by 4.7%.
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
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 ...
Spain’s unemployment rose to 15.33% for the second quarter of 2020, according to Tuesday’s data from the National Statistics Institute amid the worsening COVID-19 situation in the country. The unemployment rate surged past the ...
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