Adidas: stock down after interim results
(CercleFinance.com) - The Adidas stock is down 1.
3% in Frankfurt this morning, after the group published Q2 2019 net profit from continuing operations that is up 10% at 462 million euros, or 2.33 euros per share.
The sporting goods supplier improved its operating margin by 0.4 point to 11.7%, for revenues that are up 5% at 5.51 billion euros, as reported, and which are up 4% excluding currency effects.
CEO Kasper Rorsted said, "We remain confident about the sequential revenue acceleration in the second half of the year and confirm our top- and bottom-line outlook for 2019".
Copyright (c) 2019 CercleFinance.com. All rights reserved.
3% in Frankfurt this morning, after the group published Q2 2019 net profit from continuing operations that is up 10% at 462 million euros, or 2.33 euros per share.
The sporting goods supplier improved its operating margin by 0.4 point to 11.7%, for revenues that are up 5% at 5.51 billion euros, as reported, and which are up 4% excluding currency effects.
CEO Kasper Rorsted said, "We remain confident about the sequential revenue acceleration in the second half of the year and confirm our top- and bottom-line outlook for 2019".
Copyright (c) 2019 CercleFinance.com. All rights reserved.