Germany-based sports brand Adidas has recorded positive second-quarter results driven by increase in all its market segments except Greater China.
The company reported a 55% growth in currency-neutral sales in the quarter, while its operating profit stood at €543m ($639m).
Net income from Adidas’ continuing operations improved by more than €600m ($706m) to reach €387m ($455m).
The company’s currency-neutral sales increased by 99% in Europe, the Middle East and Africa (EMEA) and 87% in North America.
Adidas saw a 230% rise in revenues in Latin America and a 66% improvement in its Asia-Pacific sales, despite extended lockdowns in the latter region.
In Greater China, the company’s revenues dropped by 16% due to a boycott for its stance on alleged human rights abuses.
Adidas’ e-commerce revenues fell by 14% in the quarter as Covid-19 related restrictions were eased and more consumers visited stores.
