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View Full Version : Adidas Reports Profit Slumps 97%, Plans to Cut Costs - Bloomberg



NewsWhore
05-05-2009, 04:11 AM
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Adidas Reports Profit Slumps 97%, Plans to Cut Costs (http://news.google.com/news/url?sa=T&ct=us/0-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601100%26sid%3Da.zxd7XCbmDU%26refer%3Dgermany&cid=1346202837&ei=qvb_SfiqIMqfmAfozs3_Bw&usg=AFQjCNHw7DEUPl8L54apfe6dQmLiaK25jA)
Bloomberg - Sarah Shannon (http://news.google.com/news?svnum=10&as_scoring=n&tab=wn&as_drrb=q&as_qdr=&as_mind=11&as_minm=7&as_maxd=10&as_maxm=8&q=author:%22Sarah Shannon%22&hl=en&ned=us&ie=ISO-8859-1), Holger Elfes (http://news.google.com/news?svnum=10&as_scoring=n&tab=wn&as_drrb=q&as_qdr=&as_mind=11&as_minm=7&as_maxd=10&as_maxm=8&q=author:%22Holger Elfes%22&hl=en&ned=us&ie=ISO-8859-1)
Sales declined 2 percent to 2.57 billion euros, and fell 6 percent when the effects of currency moves are excluded. Profit missed the 94 million-euro median estimate of seven analysts surveyed by Bloomberg News. Chief Executive Officer Herbert Hainer ...


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