adidas Group

Consolidated Income Statement (IFRS)

Full Year Full Year Change

€ in millions 2009 2008

Net sales 10,381 10,799 (3.9) %

Cost of sales 5,669 5,543 2.3 %
Gross profit 4,712 5,256 (10.4) %
(% of net sales) 45.4% 48.7% (3.3) pp
Royalty and commission income 86 89 (3.9) %
Other operating income 100 103 (2.8) %
Other operating expenses 4,390 4,378 0.3 %
(% of net sales) 42.3% 40.5% 1.7 pp
Operating profit 508 1,070 (52.6) %
(% of net sales) 4.9% 9.9% (5.0) pp
Financial income 19 37 (48.6) %
Financial expenses 169 203 (17.0) %
Income before taxes 358 904 (60.4) %
(% of net sales) 3.5% 8.4% (4.9) pp
Income taxes 113 260 (56.7) %
(% of income before taxes) 31.5% 28.8% 2.7 pp
Net income 245 644 (61.9) %
(% of net sales) 2.4% 6.0% (3.6) pp
Net income attributable to shareholders 245 642 (61.8) %
(% of net sales) 2.4% 5.9% (3.6) pp
Net income attributable to minority interests 0 2 (95.1) %

Basic earnings per share (in €) 1.25 3.25 (61.5) %

Diluted earnings per share (in €) 1.22 3.07 (60.2) %

Net Sales

Full Year Full Year Change

€ in millions 2009 2008

Wholesale 7,174 7,758 (7.5) %

Retail 1,906 1,738 9.7 %
Other Businesses 1,283 1,285 (0.2) %

Western Europe 3,262 3,527 (7.5) %

European Emerging Markets 1,122 1,179 (4.8) %
North America 2,360 2,520 (6.3) %
Greater China 967 1,077 (10.2) %
Other Asian Markets 1,647 1,585 3.9 %
Latin America 1,006 893 12.6 %

adidas 7,520 7,821 (3.8) %

Reebok 1,603 1,717 (6.6) %
TaylorMade-adidas Golf 831 812 2.3 %
Rockport 232 243 (4.8) %
Reebok-CCM Hockey 177 188 (5.6) %

Rounding differences may arise in percentages and totals.

 Change
(currency neutral)

(8.7) %
 6.9 %
(3.6) %

(4.9) %
(6.8) %
(10.5) %
(16.2) %
(3.1) %
19.1 %

(5.4) %
(7.2) %
(2.3) %
(7.5) %
(5.5) %