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Adidas CEO says no change to 2025 goals after Q1 hit by lockdowns

Europe Materials 6 May 2022 14:44 (UTC +04:00)

Adidas' Chief Executive Kasper Rorsted said nothing had changed on the German sportswear company's 2025 goals, after first-quarter results were dogged by lockdowns in Greater China, Trend reports with reference to Reuters.

Rorsted said that a double-digit sales drop in that market is possible in 2022, as a sudden recovery in China is unlikely, but he predicted strong growth in that market again in future.

He added that the war in Ukraine was not having a negative impact on consumers' willingness to buy.

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