Adidas: Q1 results beat consensus
(CercleFinance.com) - Adidas has published Q1 2019 net income from continuing operations that is up 16% at 631 million euros, i.
e. EPS of 3.17 euros, thirty cents above the consensus.
The sporting goods supplier improved its operating margin by 1.4 point to 14.9%, for revenues that are up 6% at nearly 5.9 billion euros as reported, with growth reaching 4% excluding FX factors.
“We confirm our full-year outlook and remain confident about the top-line acceleration in the second half of the year. 2019 will be an important milestone toward achieving our 2020 targets,” said adidas CEO Kasper Rorsted.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
e. EPS of 3.17 euros, thirty cents above the consensus.
The sporting goods supplier improved its operating margin by 1.4 point to 14.9%, for revenues that are up 6% at nearly 5.9 billion euros as reported, with growth reaching 4% excluding FX factors.
“We confirm our full-year outlook and remain confident about the top-line acceleration in the second half of the year. 2019 will be an important milestone toward achieving our 2020 targets,” said adidas CEO Kasper Rorsted.
Copyright (c) 2019 CercleFinance.com. All rights reserved.