Home Business Adidas expects robust rebound, takes Reebok hit By Reuters

Adidas expects robust rebound, takes Reebok hit By Reuters


© Reuters. FILE PHOTO: The unfold of the coronavirus illness (COVID-19) in Germany

BERLIN (Reuters) – German sportswear maker Adidas AG (DE:) predicted a robust rebound in gross sales in 2021, notably in China, the remainder of Asia and Latin America, though its working revenue will likely be trimmed by prices related to divesting the Reebok model.

Fourth-quarter gross sales rose a currency-neutral 1% to five.548 billion euros, whereas working revenue slipped barely to 225 million euros, each forward of common analyst forecasts for five.47 billion and 202 million respectively.

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