Herzogenaurach, Germany -- Adidas’ 2015 sales were 10% more than in 2014 and underlying net income reached EUR720m ($816m), up 12% on 2014.
The firm reported a 10% increase in sales on a currency-neutral basis, while in Euro terms, sales rose 16% to EUR16.9bn, compared to EUR14.5bn in 2014, Adidas added.
Double-digit sales growth in Western Europe, Greater China and Latin America as well as the MEAA region (Middle East, Africa and other Asian markets except Greater China and Japan) were factors in the increase, the firm said.
From a brand perspective, Adidas sales grew 12% on a currency-neutral for the full year, it added.
In Q4 2015, currency-neutral sales of Reebok branded products increased 6% compared to Q4 2014, with the brand recording its eleventh consecutive quarter of growth.
Group ceo Herbert Hainer said the firm is “in great shape”.
“Accelerated momentum in North America and Western Europe during the fourth quarter as well as continued double-digit growth in most emerging markets including Greater China is strong evidence of the desirability of our brands,” said Hainer.
He added that the firm had “every confidence [it] will again grow the top and bottom line at a double-digit rate” in 2016.
XE Currency conversion: 11 February, 2015