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First quarter revenue up at Adidas Group

Adidas, the German footwear giant, reported good results in the first quarter of the year: revenues increased by 17% to €4.08 billion and net profit surged by 8.2% to €221 million compared with €204 million of the same period last year.

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Abu Dhabi investor looks to buy Reebok

Following the news of shares in German sportswear firm Adidas AG jumping on October 20 after the Wall Street Journal reported that an investor group that includes Jynwel Capital and funds affiliated with the Abu Dhabi government planned a $2.2 billion (£1.36 billion) bid to buy Reebok.

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Share buy back for Adidas

Adidas AG resolved plans to return up to €1.5 billion ($2 billion) in total to Adidas AG shareholders over the next 3 years, primarily through stock buybacks. In addition, Adidas AG confirms its stated commitment to pay an annual dividend to shareholders in the range of 20% to 40% of net income attributable to shareholders.

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Sales up at Adidas Group

Adidas Group second quarter revenues increased 10% on a currency neutral basis driven by double digit sales in wholesale and retail. However, Group margins decreased 0.9% to 49.2% (2013 50.1%).

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