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We now have flexibility to produce more aggressive
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ulyssescooper

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Registrato: 26/01/19 07:34
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MessaggioInviato: Sab Gen 26, 08:26:23    Oggetto:  We now have flexibility to produce more aggressive
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Concerning the performance of
TaylorMade-adidas Golf in 2007 and around the priorities for this business to come......strives to be the most effective performance golf business on earth....adidas Golf sales associated with footwear and apparel mature at double-digit rates with the fifth consecutive year.

Message like-for-like sales, excluding the results of the Greg Norman Assortment wholesale business divestiture, grew 9 % on a currency-neutral basis, driven by increases in all major categories. For '08, increasing profitability is our own top priority....We sold Maxfli
because we now have many of the know-how we have to be successful in the payment golf ball category. We have been focused on growing your core golf brands: TaylorMade and also adidas Golf.

About the financial effectiveness in 2008 (after a compelling 2007...):
...We expect high-single-digit currency-neutral sales growth - driven by improvements at all of our brands. Gross margin can range between 47. 5 VARIOUS % and 48 PERCENTAGE. And our operating border will expand to as a minimum 9. 5 %. Through
this strong operational performance, we will increase net income by as a minimum 15 %.

In 2008 we will have additional costs related towards year's major sporting activities. And the company will continue considering the share buyback program. Adidas is able to deliver earnings improvement of no less than 15 % -" marking our
eighth consecutive year involving double-digit earnings growth. "

Since completing the Reebok acquisition (Q1 2006) Adidas possesses reduced net borrowings through around EUR 1. TWO billion. The financial leverage by the end of 2007 is 58. FOUR %. "We now have flexibility to produce more aggressive
shareholder returns. " Total dividend are going to be increased by 19 NOUGHT PER CENT, " we will go back more to shareholders in 2008 than ever before. ".
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MessaggioInviato: Sab Gen 26, 08:26:23    Oggetto: Adv



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