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Source: aaronknows/NBA& nbsp; & nbsp; [Chinese shoes Network - Brand Dynamics] subject to weak unfavorable fluctuation in exchange rates in emerging markets as well as TaylorMade-Adidas Golf golf business, the first quarter ended March 31, 2014, the world's second largest sports goods manufacturer Adidas AG Group in the first quarter net profit significantly reduced from 308 million euros a year earlier 33.8 percent to 204 million euros, operating profit fell 31.4 percent to 303 million euros; net sales of 3.751 billion euros from the same period last year fell 5.8% to 3.533 billion euros. In keeping the exchange rate constant calculations, sales for the quarter was essentially flat with last year, which is more stable performance in Greater China, sales growth of about 5%, sport perf jordans on sale mens ormance and sport fashion series has become the main driving force of growth. Colin Currie adidas Group director, general manager of Greater China, said:. "Solid financial performance continue to support healthy growth since our launch three years ago, 'the road leading to the 2015' strategy since, we have strengthened in all key categories their status, and across the country to expand our retail business. This is the annual harvest adidas solid start. Later this month, we will launch the largest ever in the FIFA World Cup 2014 is approaching scale propaganda offensive football category in our marketing activities and product concepts embodied the strength and density clearly show and demonstrate our efforts to achieve 'the road leading to the 2015' strategic objective to achieve greater success in the journey. " constant exchange rate basis, first quarter of 2014, adidas Group sales remained stable constant exchange rate basis, the first quarter of 2014, Group revenue remained stable. Currency exchange brings a significant negative impact on sales in euro settled. Compared with the 3.751 billion euros in 2013, the first quarter of 2014, Group revenues decreased by 6% to 3.533 billion euros. "From our first quarter financial results can be seen, as we expecte jordan 3 katrina 2018 d, 2014 was a challenging start to our TaylorMade - adidas Golf strategic changes made to market and currency the negative impact of exchange brings denied a strong performance, particularly the performance of the emerging markets and its own retail, "adidas Group CEO Herbert Hainer stated," Although we still wary of currency exchange rate movements and on our financial condition influence, I still look forward to a strong performance in the second quarter, the Group entered a period of growth and make a sustained and motivated on this basis. " calculated according to the exchange rate unchanged, due to increased sales of adidas products, wholesale revenue increased 1%. Since the adidas and Reebok product sales showed a double-digit increase in retail sales compared with last year, an increase of 22%. Since the TaylorMade golf products -adidas double-digit sales decline, other operating income decreased by 27%. This decline was mainly due to the Group TaylorMade golf products -adidas implement a strategic change, so readjust critical shipments, product and delivery period in accordance with market demand patterns. Calculated according to the exchange rate unchanged, music step product revenue also fell, while Reebok hockey series -CCM phase increased over the previous buy cheap jordans online year. Currency exchange branches of Euro-denominated sales revenue had a negative impact. constant exchange rate basis, gross profit margin fell 1.0 percentage points 2014 In the first quarter, the adidas Group gross margin fell by 1.0 percentage points to 49.1% (2013 level: 50.1%). The main reasons for this situation are: more unfavorable hedging rates, because the product and delivery period of strategic change caused by TaylorMade - adidas Golf products, lower profit margins, due to the negative impact of currency devaluation and higher input costs . Currency devaluation effects are mainly related to Russia / CIS market, in these markets, sales and gross profit by the Russian ruble against the euro and the dollar depreciation obvious negative impact. Compared with the previous year level of ? 1.881 billion, the first quarter of 2014, the adidas Group gross profit fell 8 percent to 1.736 billion euros. Group shareholders based on net income fell 34% 2014 In the first quarter, the Group's shareholders based on the net income from the 308 million euros in 2013 fell to 204 million euros, equivalent to 34% of the decline appeared in last year basis. 2014 first quarter, the Group tax rate rose 1.4 percentage points to 28.9% (2013 level: 27.5%), which is mainly cheap foamposites caused by a combination of poor earnings. constant exchange rate basis, sales revenue growth In almost all regions constant exchange rate basis, first quarter of 2014, adidas Group sales revenue growth in all regions except North America. adidas Group's 2014 full-year guidance confirmed target calculated according to the exchange rate unchanged, adidas Group sales revenue in 2014 is expected to grow at a high single-digit rate. In particular, this year's major sporting events will actively promote the growth of the Group's sales revenue. 2014 FIFA World Cup in Brazil as an official partner, during the game, adidas will be the most visible brand, and in the soccer category terms, adidas sales are expected to hit a new high. In addition, adidas Group, a high fast-growing emerging markets exposure and expanding retail network, will also bring a very favorable impact on sales revenue. Expected exchange rate will lead to a significant negative impact on the euro-to group sales. 2014, the adidas Group gross margin is expected to increase to between 49.5 to 49.8% level (2013 level: 49.3%). Most departments are expected gross margin increased. High profit growth in emerging markets is expected to be higher than the growth in more mature markets, adidas Group, favor cheap air jordans able pricing, product and regional sales mix will promote growth in its gross margin. In addition, Reebok brand will also bring a positive impact on gross profit margin growth. However, the unfavorable exchange rate differences on hedge worse than the previous year's rate, Russia and Argentina and other emerging markets as well as our cost of sales increased labor costs will be partially offset by the positive impact. Under the influence of these factors, compared to the 2013 Group shareholders ? 839 million based on net income (excluding the goodwill impairment loss), shareholders' net income in 2014 will be between 830 million to 930 million euros of Room. This means that the basic earnings per share will remain at between 3.97 to 4.45 euros. About the adidas Group adidas Group is a global leader in the sporting goods industry, we have a set of core brands, such as adidas, Reebok, TaylorMade, music stage and Reebok-CCM Hockey and the like. Headquartered in Herzogenaurach, Germany, with more than 46,000 employees and 2013 sales revenue of 14.5 billion euros. 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