Adidas sees record profits in 2011 as Olympics approach
Sportswear firm Adidas has unveiled its best-ever annual profits, as hopes rise that this year's Olympics will help it break more records.
It reported a 18% rise in net profits in 2011 to 671m euros ($881m; £559m), though the firm barely made a profit in the last three months of the year.
Rising sales in Eastern Europe and China drove demand, the company said.
Julia Caesar reports.
07 Mar 2012
- From the section Business