The global sportswear industry is a lucrative sector, which is anticipated to continue to grow in the next years. We have already taken the first steps to reduce and ultimately eliminate virgin and single-use plastic from our products. Use Forbes logos and quotes in your marketing. I am so proud that we at Adidas are actually trying to do something about it – to make a difference – and not just to do less harm, but to work to make things better. There were many "unconventional" things about Kanye West's first presidential campaign rally in North Charleston, South Carolina, on Sunday. Eric Liedtke: Adidas teamed up with Parley to help spread awareness and transform ocean plastic pollution into high-performance sportswear, spinning the problem into a solution. Unfortunately, your current browser version doesn't support those technologies. Are you interested in testing our corporate solutions? In 2019, cost of sales was € 11.347 billion, representing an increase of 8% compared to the prior year level of € 10.552 billion. I’m convinced that most impactful change happens from within. Including the negative impact from the first-time application of IFRS 16 in the amount of € 54 million, net income from continuing operations increased 12% to € 1.918 billion versus € 1.709 billion in the prior year. Adidas has long been a leader in sustainability, but this partnership allows us to tap into new areas and create innovative materials and products for our athletes. By partnering with Parley for the Oceans we are contributing to a great environmental cause. Opinions expressed by Forbes Contributors are their own. Please do not hesitate to contact me. Forbes teamed up with market research company Statista to identify the top 750 multinational and large corporations globally. The adoption of IFRS 16 reduced year-over-year net income and EPS growth by approximately 3 percentage points in 2019. Find out all the key statistics for ADIDAS AG (ADDYY), including valuation measures, fiscal year financial statistics, trading record, share statistics and more. Adidas reported revenue sales down 34% for Q2, however, the challenge that will foretell its road to a sustainable future includes addressing the cultural issues. The operating margin increased 0.4 percentage points to 11.3% compared to the prior year level of 10.8%. Please contact us to get started with full access to dossiers, forecasts, studies and international data. However, these expenses represent only a very small portion of total cost of sales.

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