Adidas increased revenue in 2018 to a record level


German sports goods manufacturer Adidas reported that in 2018, revenue and profit margins reached record levels due to substantial sales growth in North America and China, as well as due to increased sales through online stores. Revenues amounted to 21 billion 920 million euros, an increase of 3%. Revenue, which does not take into account currency fluctuations, showed an increase of 8%. The company increased its net profit from continuing operations by 20%, its annual rate reached 1 billion 700 million euros. Operating margin was 10.8%, up 1.1%. At the end of the year, the company will pay dividends in the amount of 3 euro 35 cents per share, which is 29% higher than the amount paid in the previous year. Adidas also announced plans to buy back shares worth 800 million euros in 2019.

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