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Adidas Q3 profits drop 2 percent

By FashionUnited


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Adidas Ag said on Wednesday its Q3 net profit decreased. Revenues increased by 9 percent from the same period last year.

The company's net profit for Q3 was 644 million euros, down from 656 million euros a year earlier. Revenues climbed to 6,410 million euros. The profit margin of the company decreased to 10 percent compared to 11 percent a year ago.

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