Adidas sales were up 2% to € 14.8 billion
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Net income attributable to shareholders reached the earnings target of around € 650 million.
All sales channels contributed to this positive top-line development, with strong double-digit growth in Retail. From a brand perspective, adidas sales grew 11% currency-neutral for the full year. Reebok recorded its seventh consecutive quarter of growth in the fourth quarter and ended the year with a currency-neutral sales increase of 5%.
he adidas Group net income for 2014 will be impacted by two non-operational items. Goodwill impairment losses related to the Group's Russia/CIS cash-generating unit largely as a result of the significant deterioration of the Russian rouble amount to around € 80 million.
In addition, the successful conclusion of negotiations to divest the Rockport business, which was announced in a separate release today, will have a negative non-operational P&L impact in a double-digit million Euro amount. ■