Adidas 2003 Annual Report Download - page 79

Download and view the complete annual report

Please find page 79 of the 2003 Adidas annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 170

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170

75
SUBSEQUENT EVENTS AND DEVELOPMENTS /// From the
end of 2003 to the time at which the audit of the Group’s
results was completed, no material transactions at the Group
or brand level had occurred. In addition, there were no major
macroeconomic or sociopolitical changes which we expect to
influence our business materially. However, in North America,
recent data flow has provided further evidence of an improv-
ing retail environment. Especially sporting goods retailers
have stated their intention to expand square footage.
NET INCOME € in millions
1999 228
2000 182
2001 208
2002 229
2003 260
NET INCOME BY QUARTER € in millions
Q1 2003 51
Q1 2002 43
Q2 2003 32
Q2 2002 25
Q3 2003 150
Q3 2002 131
Q4 2003 27
Q4 2002 29
adidas SPORT STYLE ///
Y-3 BOXING B BOXING SHOE
INCOME BEFORE TAXES € in millions
1999 398
2000 347
2001 376
2002 390
2003 438
INCOME BEFORE TAXES BY QUARTER € in millions
Q1 2003 98
Q1 2002 79
Q2 2003 50
Q2 2002 42
Q3 2003 254
Q3 2002 220
Q4 2003 37
Q4 2002 49