The German sportswear company Adidas falls back its forecast for 2010 after a good third quarter and expects its profits continue to grow in 2011. (Reuters / Christian Hartmann)
The world number two in the sector after the U.S. Nike has especially enjoyed good sales in the United States and Eastern Europe.
Adidas expects that air jordan 3 retro pas cher
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trend will continue in 2011 and estimates the future growth of earnings per share between 10% and 15% and that of its turnover to around 5%.
Adidas, which owns the Reebok brand, expects 2010 EPS between 2.68 and 2.70 euros.
This is the third time that the German group raised its forecast for 2010. Previous was 2.50 euros 2.62.
In September, Nike announced a better than expected first quarter, while German Puma (PPR) raised its forecast last month of sales for the year.
In the third quarter, sales of Adidas amounted to € 3.45 billion and operating income of € 411 million.
The consensus of analysts polled by Reuters was € 3.26 billion for revenue and $ 389 million to operating income.