adidas financial sales reach 100 million euros
Adidas, a German designer and manufacturer of shoes, clothing and accessories, in the 2020 fiscal year ended December 31, 2020, adidas sales fell 16% compared with 2019, total About 19.8 billion euros, full-year net income fell 78% to 429 million euros, sales in fiscal year 2019 were 23.6 billion euros, and full-year net income was 1.9 billion euros.
Adidas CEO Kasper Rorsted said: 2020 is a unique year. Despite facing unprecedented challenges, Adidas still uses this year to continue to grow. Adidas business continued to recover towards the end of 2020 and resumed sales growth in the fourth quarter. E-commerce performed well in 2020, with digital sales revenue growing by 53% to more than 4 billion euros.
Compared with adidas’s 2020 fiscal year, gross profit fell by 20% to approximately 9.8 billion euros, EBITDA fell by 46% to 2 billion euros, and the company’s full-year operating profit fell to 751 million euros.
Adidas sales in various regions in 2020 compared with 2019, sales in Europe fell by 12% to 5.3 billion euros; sales in North America fell by 10% to 47 100 million euros; sales in the Asia-Pacific region fell 18% to 6.5 billion euros; sales in Russia and the Association of Independent States fell 11% to 584 million euros; sales in Latin America plummeted 30% to 1.1 billion euros.
KasperRorsted said: Adidas is confident in 2021 and will launch a rapid attack with a new strategy, aiming to achieve medium to high sales growth globally.
Note: EBITDA is the abbreviation of EarningsBeforeInterest,Taxes,DepreciationandAmortization, which is the profit before interest, taxes, depreciation and amortization.
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