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Adidas increased its forecasts for the annual report

Adidas increased its forecast for profit in 2011, having announced strong second-quarter data. The net profit for the quarter increased by 11% compared to same period the previous year to 140 million EUR. The company provides a record profit for the year, even though it will not hold the Olympic Games or World Cup. Adidas forecast earnings per share between 3.10 and 3.12 EUR after the previous forecast was for 2.98 EUR per share. Last year, earnings per share was 2.71 EUR.
"The high exposure to fast growing emerging markets, further expansion of retail trade and the continuing momentum in all key brands will represent more than compensate for the lack of repeat sales associated with the World Cup in 2010", announced by Adidas. The large companies, sports bags to perform better in years in which there are contests at the international level. The sales were particularly strong in China, which registered growth was 41% excluding the impact of exchange rates.