Reebok 2007 Annual Report Download - page 3
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TARGETS AND RESULTS
ADIDAS GROUP KEY FIGURES
200820072007
TARGETS AND RESULTS
ADIDAS GROUP KEY FIGURES
TARGETS RESULTS TARGETS
---
Mid-single-digit
currency-neutral sales growth
---
Bring major new concepts,
technology evolutions and
revolutions to market
---
Currency-neutral sales
to grow at all brands
and in all regions
---
Gross margin range 45 – 47 %
---
Operating margin around 9 %
---
Reduce operating working capital
as a percentage of sales to below 25 %
---
Capital expenditure range € 300 million – € 400 million
---
Reduce year-end net borrowings
to below € 2 billion
---
Net income growth
to approach 15 %
---
Further increase shareholder value
---
Net sales reach € 10.3 billion;
Group currency-neutral sales grow 7 %
---
Major 2007 product launches:
adidas
new technologies in adiSTAR,
SuperNova and Response running shoe families,
Stella McCartney “Gym / Yoga” collection, TechFit™ apparel
Reebok
running shoes Trinity KFS II and HATANA,
Rbk EDGE Uniform System™ apparel collection
Rockport
fi rst footwear collection incorporating
adidas Torsion ® technology
TaylorMade-adidas Golf
r7 ® SuperQuad drivers, POWERBAND shoe,
Clima concept extended to Golf apparel
---
Currency-neutral sales increase 12 % at adidas,
remain stable at Reebok and grow 9 % on a like-for-like basis
at TaylorMade-adidas Golf; currency-neutral sales grow
in all regions except North America
---
Gross margin: 47.4 %
---
Operating margin: 9.2 %
---
Operating working capital as a percentage
of sales: 25.2 %
---
Capital expenditure: € 289 million
---
Net borrowings reduced to € 1.766 billion;
year-end fi nancial leverage: 58.4 %
---
Highest ever net income attributable
to shareholders at € 551 million (+ 14 %)
---
adidas AG share increased 36 %, outperforming DAX-30
and MSCI World Textiles, Apparel and Luxury Goods Index;
19 % dividend increase proposed; share buyback program initi-
ated in January 2008
---
High-single-digit
currency-neutral sales growth
---
Bring major new concepts,
technology evolutions and
revolutions to market
---
Currency-neutral sales to grow
at all brands and in all regions
except North America
---
Gross margin range 47.5 % and 48 %
---
Operating margin to be at least 9.5 %
---
Further reduce operating working capital
as a percentage of sales
---
Capital expenditure range € 300 million – € 400 million
---
Maintain or further reduce net borrowings
despite share buyback
---
Net income to grow
at least 15 %
---
Further increase shareholder value