Germany’s Adidas posts revenues of €16.616 bn in 9M FY23

Adidas navigated a challenging 9M FY23 with flat currency-neutral revenues and a 4 per cent decline to €16.616 billion in euro terms, compared to the previous year.
The operating margin dipped to 3.9 per cent, as net income dropped to €343 million.
In Q3, while overall revenue fell by 6 per cent, direct-to-consumer sales rose by 5 per cent.

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