×
199
Fashion Jobs
KISHOR EXPORTS
Qam - Quality Assurance Manager For Garment Exports Company
Permanent · Ranchi
FRAME TECHNOLOGY MARKETING SERVICES PVT. LTD.
am/rm/Manager- Sales (Supply Chain Finance)-Loan Frame- Pan India
Permanent · Ahmedabad
MARC LABORATORIES LTD.
Field Sales Officer/Area Business Manager / Regional Business Manager
Permanent · Varanasi
JAYPEE BROTHERS MEDICAL PUBLISHERS PVT LTD.
Area Sales Manager
Permanent · Prayagraj
RUDRAKSHA CERAMICS PRIVATE LIMITED
Area Sales Manager
Permanent · Pune
PROPERTYXPO.COM
Area Sales Manager| Real Estate Portfolio Management | Gurgaon
Permanent · Gurugram
SAHIBANDHU FINTECH SERVICES LIMITED
Area Sales Manager - Sahibandhu
Permanent · New Delhi
HDB FINANCIAL SERVICES
Sales Manager - Alternate Channel
Permanent · Salem
SOSYO HAJOORI BEVERAGES PRIVATE LIMITED
Production / Plant Manager
Permanent · Ahmedabad
JIO
Territory Sales Manager - Warangal & Hannumakonda
Permanent · Hanamkonda
BASIC ENTERPRISES PVT LTD
Loan Consultant/ Area Sales Manager 4l Salary
Permanent · Gurugram
WHITEHAT JR
Sales Manager(Inside Sales_day Shift) Mumbai or Gurgaon _onsite
Permanent · Gurugram
VOLVO WHITE PAINTS INDUSTRIES
Hiring For Sales Officer/Area Sales Manager/ (Haryana)
Permanent · Sonipat
RESPICARE SOLUTIONS
Area Sales Manager /Business Development Manager-Mumbai / Maharashtra
Permanent · Navi Mumbai
GRAND CHEMICAL WORKS
Area Sales Manager- Jaipur & Lucknow
Permanent · Lucknow
ASTRAL ADHESIVES ( ASTRAL GROUP )
Astral Adhesives - Area Sales Manager - Construction Chemicals
Permanent · Ludhiana
VADILAL
Area Sales Manager
Permanent · Varanasi
ASTRAL ADHESIVES ( ASTRAL GROUP )
Astral Adhesives - Area Sales Manager (Maintenance Division)
Permanent · Jodhpur
CEASEFIRE INDUSTRIES PRIVATE LIMITED
Area Manager/ Territory Manager (Sales)_ Goa
Permanent · Pune
INDEED.MX
Trabajo Para Mayores de ed+d
Permanent · MEXICO CITY
INDEED.MX
Trabajo Para Mayores de Edad
Permanent · MEXICO CITY
INDEED.MX
Trabajos Opción Home Office
Permanent · MEXICO CITY
By
Reuters
Published
Mar 4, 2009
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Adidas sees 2009 profit fall after strong Q4

By
Reuters
Published
Mar 4, 2009

* Adidas expects 2009 margins, EPS to fall

* Says Q4 operating profit up 76.6 pct, above estimates

* Says Adidas brand order backlog down 6 pct as of end 2008

* Proposes steady dividend

(Adds details and background)

HERZOGENAURACH, Germany, March 4 (Reuters) - Adidas (ADSG.DE) expects sales and earnings to fall in 2009, the world's second-biggest sporting goods maker said on Wednesday while posting better-than-expected fourth-quarter results.

Adidas said it saw group sales falling at a low- to mid-single-digit rate on a currency-neutral basis and expects sales at its Reebok brand to be "at least stable".

Higher operating expenses would make the group's margins and earnings per share decline this year, it added, but still proposed a steady dividend of 0.50 euros per share for 2008.

"We cannot ignore the unprecedented economic crisis all global businesses are facing today," said Chief Executive Herbert Hainer in a statement. Forecasting the group's second-half performance was particularly difficult.

"We have the resources and the energy to tackle the challenges that come," Hainer added.

Cross-town rival Puma (PUMG.DE) last week shied away from giving a 2009 outlook amid an uncertain economic environment.

Adidas' fourth-quarter operating profit rose 76.6 percent to 107 million euros ($135.3 million), beating the average estimate of 98 million euros in a Reuters poll of 16 analysts.

Sales rose 6.4 percent to 2.57 billion, above estimates.

Adidas shares trade at about 8 times 12-month forward earnings, a discount to Nike (NKE.N), which trades at a multiple of about 10, according to Thomson Reuters StarMine, which weights analysts' forecasts according to their track record.

Analysts said the weak performance at U.S. brand Reebok justifies the discount to its bigger rival. (Reporting by Eva Kuehnen; editing by Michael Shields)

© Thomson Reuters 2022 All rights reserved.