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About the financial functionality in 2008
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jennyhood

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PostPosted: 14 Jan 2019 08:03:01    Post subject:  About the financial functionality in 2008
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In regards to the performance of
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TaylorMade-adidas Golf in 2007 and within the priorities for this business to come......strives to be the most effective performance golf business on the earth....adidas Golf sales associated with footwear and apparel mature at double-digit rates for any fifth consecutive year.

Section like-for-like sales, excluding the consequences of the Greg Norman Variety wholesale business divestiture, grew 9 % for a currency-neutral basis, driven by increases in every major categories. For 08, increasing profitability is our own top priority....We sold Maxfli
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because we now have many of the know-how we ought to be successful in the advanced golf ball category. I am focused on growing each of our core golf brands: TaylorMade in addition to adidas Golf.

About the financial functionality in 2008 (after powerful 2007...):
...We expect high-single-digit currency-neutral sales growth - driven by improvements at our brands. Gross margin can range between 47. 5 % and 48 PERCENTAGE. And our operating border will expand to at the least 9. 5 %. Through
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this strong operational performance, we will increase net income by as a minimum 15 %.

In 2008 you will have additional costs related towards year's major sporting activities. And the company will continue considering the share buyback program. Adidas can deliver earnings improvement of a minimum of 15 % -" marking our
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eighth consecutive year involving double-digit earnings growth. "

Because completing the Reebok acquisition (Q1 2006) Adidas possesses reduced net borrowings through around EUR 1. A COUPLE OF billion. The financial leverage at the end of 2007 is 58. 4 %. "We now have flexibility to provide more aggressive
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shareholder returns. " Total dividend shall be increased by 19 PERCENT, " we will go back more to shareholders in 2008 than older models. ".
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