Sales rose by 9% to 5.822 billion euros (2023: 5.343 billion euros), as exchange rate trends led to an unfavorable translation effect. Currency-neutral sales rose by 11% year-on-year.

Gross margin in the second quarter reached a level of 50.8% (vs. 50.9% in 2023). Operating income amounted to 346 million euros (2023: 176 million euros), giving an operating margin of 5.9% (2023: 3.3%).

Net income from continuing operations amounted to 211 million euros (2023: 96 million euros), while basic EPS from continuing operations increased to 1.09 euros (2023: 0.48 euros).

In the first half of 2024, revenues were up 10% on the same period last year. In euro terms, sales rose by 6% to 11.280 billion euros in the first half of 2024 (2023: 10.617 billion euros). Net income from continuing operations rose to 382 million euros (2023: 73 million euros), while basic and diluted earnings per share from continuing operations increased to 2.05 euros (2023: 0.29 euros).

adidas now expects revenues to grow at a high single-digit rate in 2024. The Group previously expected a mid- to high-single-digit rate. Operating profit is now expected to reach a level of around 1.0 billion euros (previously around 700 million euros).

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