Adidas predicts for 2022 a heavy blow in Russia and the recovery in China

Adidas predicts for 2022 a heavy blow in Russia and the recovery in China

Sumary of Adidas predicts for 2022 a heavy blow in Russia and the recovery in China:

  • On Monday, Adidas announced that it was suspending activity at its physical and digital stores in Russia until further notice.
  • Represent about half of the company’s total revenues in the region and represent about one percentage point of growth for the company’s total.
  • German sports company Adidas says Russia-Ukraine war jeopardizes Adidas predicts 2022 a heavy blow in Russia and recovery in China – Reuters Adidas predicts 11%-13% increase in neutral currency sales by 2022 , including the risks of its business in Russia and Ukraine.
  • Income from continuing operations to grow between 1800 and 1900 million euros in 2022, exceeding the 1492 million euros achieved in 2021.
  • Adidas reported a 3% drop in sales on an exchange-neutral basis in fourth quarter to 5137 million euros, which accounted for a 24% decline in China.

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