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About the financial overall performance in 2008
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murrayhugh

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PostPosted: 12 Jan 2019 08:04:17    Post subject:  About the financial overall performance in 2008
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In regards to the performance of
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TaylorMade-adidas Golf in 2007 and in regards to the priorities for this business going forward......strives to be the most beneficial performance golf business on the earth....adidas Golf sales regarding footwear and apparel grew at double-digit rates for any fifth consecutive year.

Section like-for-like sales, excluding the consequences of the Greg Norman Series wholesale business divestiture, grew 9 % for a currency-neutral basis, driven by increases in every major categories. For 08, increasing profitability is some of our top priority....We sold Maxfli
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because we now have the many know-how we need to be successful in the high quality golf ball category. I am focused on growing our core golf brands: TaylorMade in addition to adidas Golf.

About the financial overall performance in 2008 (after a good 2007...):
...We expect high-single-digit currency-neutral profits growth - driven by improvements at our brands. Gross margin will range between 47. 5 % and 48 PER-CENT. And our operating border will expand to at the least 9. 5 %. Through
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this strong operational efficiency, we will increase net income by at the least 15 %.

In 2008 you will have additional costs related into the year's major sporting occasions. And the company will continue with all the share buyback program. Adidas can deliver earnings improvement of at the least 15 % -" marking our
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eighth consecutive year associated with double-digit earnings growth. "

Because completing the Reebok obtain (Q1 2006) Adidas offers reduced net borrowings simply by around EUR 1. A COUPLE OF billion. The financial leverage at the end of 2007 is 58. 4 %. "We now have flexibility to deliver more aggressive
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shareholder returns. " Total dividend shall be increased by 19 %, " we will returning more to shareholders in 2008 than before. ".
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PostPosted: 12 Jan 2019 08:04:17    Post subject: Adv





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