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Gross margin will certainly range between 47
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jennyhood

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PostPosted: 14 Jan 2019 08:03:04    Post subject:  Gross margin will certainly range between 47
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Regarding the performance of
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TaylorMade-adidas Golf in 2007 and regarding the priorities for this business moving forward......strives to be the very best performance golf business on the planet....adidas Golf sales of footwear and apparel increased at double-digit rates for your fifth consecutive year.

Portion like-for-like sales, excluding the results of the Greg Norman Selection wholesale business divestiture, grew 9 % using a currency-neutral basis, driven by increases to all major categories. For 2008, increasing profitability is your top priority....We sold Maxfli
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because we now have every one of the know-how we should be successful in the payment golf ball category. Prohibited focused on growing our own core golf brands: TaylorMade and adidas Golf.

About the financial operation in 2008 (after a great 2007...):
...We expect high-single-digit currency-neutral income growth - driven by improvements at our brands. Gross margin will certainly range between 47. SOME % and 48 %. And our operating perimeter will expand to at the very least 9. 5 %. Through
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this strong operational overall performance, we will increase net income by at the very least 15 %.

In 2008 we will see additional costs related on the year's major sporting situations. And the company will continue when using the share buyback program. Adidas will be able to deliver earnings improvement of at the very least 15 % -" marking our
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eighth consecutive year connected with double-digit earnings growth. "

Considering completing the Reebok buy (Q1 2006) Adidas includes reduced net borrowings by means of around EUR 1. COUPLE OF billion. The financial leverage afre the wedding of 2007 is 58. SOME %. "We now have flexibility to supply more aggressive
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shareholder returns. " Total dividend will be increased by 19 PER CENT, " we will gain more to shareholders in 2008 than ever in your life. ".
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