Adidas 2018 Profit From Cont. Ops. Rises; Currency-neutral Sales Up 8%

adidas (ADDYY.PK, ADDDF.PK) reported that its fiscal 2018 net income from continuing operations, excluding the negative one-time tax impact recorded in 2017, increased 20% to 1.71 billion euros from 1.43 billion euros. Basic EPS from continuing operations grew 20% to 8.46 euros from 7.05 euros. The company's operating profit grew 14% in 2018 to 2.37 billion euros, representing an operating margin increase of 1.1 percentage points to 10.8% from 9.8%. Gross margin increased 1.4 percentage points to 51.8%.

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