Business

Adidas profits boosted by World Cup sales

A Jabulani football designed by Adidas
Image caption The Jabulani was the 11th edition of Adidas's FIFA World Cup balls

German sports goods maker Adidas has reported a jump in profits for the April to June quarter thanks to a sales boost from the recent World Cup.

The company posted a net profit of 126m euros ($167m; £104m) compared with 9m euro ($12m; £7.5m) a year earlier.

Sales were up 13%, reflecting the success of its sales of replica World Cup shirts, boots and balls.

Adidas also raised its full-year earnings forecast for a second time this year.

The company made kits for several World Cup teams, including the winners Spain, and also provided the official Jabulani match ball.

The weak euro also helped to boost revenues from outside the eurozone.

In addition, Adidas reported a 16% rise in sales in the US, particularly for its Reebok brand which makes running shoes and training kit.

"The energy we are creating in the market this year will be an important catalyst in propelling our group to new heights," said chief executive Herbert Hainer.

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