Berlin - German sports goods maker Adidas said on Thursday it had raised its full-year business outlook after posting a surge in second-quarter sales and profit amid strong demand for the group's fashion brands.
Earnings before interest and taxation (EBIT) climbed by 18% to 505 million euros (598 million dollars) in the three months to the end of June compared with a year earlier, the Bavarian-based company said.
Second-quarter sales were up about 20% at 5.04 billion euros from 4.20 billion euros a year earlier thanks to strong demand for its running sportswear as well as its fashion labels, Adidas Originals and Neo.
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Adidas confirmed full-year business forecasts it unveiled last week.
The company now expects currency-adjusted sales plus of between 17 and 19% compared with a previous forecast of between 12% and 14%.
Group profit should rise between 26 and 28%, said Adidas.
In March, it had predicted a gain of between 13 and 15%.