Net profit reached €129 million (approx. USD 139.5 million), representing a 73% increase compared to €75 million in the same period last year.
Adidas maintains its initial full-year outlook, expecting operating profit between €1.7 billion and €1.8 billion.
After the acquisition, Suzhou Boke will become Henkel’s dedicated production facility, initially focusing on hair care product manufacturing, laying the groundwork for future expansion.
At midday Central European Time on February 20, German […]
The Luxe.CO research team, with a long-standing focus on the sports and outdoor industries, once again traveled to Munich for in-depth on-site exploration and research at the exhibition.
What Underpins Wellendorff’s Low-Profile Confidence and Long-Term Vision?
The CEO of Adidas pointed out, “The supply chain will become more localized. China will become China’s China.”
Bjørn Gulden commented: “Given the improved business in Q2 we continue to raise our expectations and are now guiding for a full-year revenue increase in the high single digits and an operating profit of around € 1.0 billion.”
HUGO BOSS Group will release its complete second-quarter results on August 1, 2024.
Bjørn Gulden said, “Compared to 12 months ago, we feel much more confident about the Chinese market,” adding that China’s growth potential is “far higher than” the growth achieved in the full year of 2023.
