Adidas Shares Climb After 1Q Sales Proved to Be More Robust Than Feared

REUTERS/Andreas Gebert/File Photo Photo: ANDREAS GEBERT/REUTERS

Shares in Adidas furthered their rally Friday after the group said first-quarter sales remained stable on the year, and that high inventory levels have eased to some extent.

At 0723 GMT, shares were up 6.2% at EUR166. Year-to-date, the share has risen some 30%, reversing some of the steep declines it suffered last year.

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