adidas-Salomon AG said this week that it had achieved its 2002 sales and profit goals, with sales rising 5% for the year and net profit growth coming in at the upper end of a 5% – 10% forecast range.
adidas has said it expects sales growth of around 5% in 2003 and says earnings per share growth will at least match 2002’s rise.
Shares of adidas were up 1.2% for the week to close at 82 Euros . The stock has stayed pretty flat for the year, while shares of the other sports footwear and apparel heavyweight on the Frankfurt exchange, Puma AG, have jumped more than 94% for the year.
