Chinese market brought Adidas record profit

Adidas posted a record profit of more than 670 million euros in 2011, with strong impetus from China, russia and North America.

The revenues were up 11.3 percent to 13.34 billion euros, while net profit rose 18.2 percent to 671 million euros, said the second-largest sporting goods maker after Nike.

The performance of the group was slightly above market expectations. The dividend will now be increased by 25 percent to 1.00 euros per share.

This year, the company intends to continue to grow and benefit mainly from major events like the European Football Championships and the Olympic Summer Games.

Also the US subsidiary Reebok will make a contribution with a stronger focus on fitness products.

The net profit of the group in 2012 will be about 736 to 770 million euros, the sales will climb by a mid to high single digit percentage.