By  on March 8, 2017

PARIS – Adidas AG on Wednesday raised its earnings guidance until 2020, following a record 2016, when the German activewear giant’s profits passed the billion-euro mark for the first time.

The company on Wednesday said it intends to strongly accelerate sales and earnings growth until 2020 as part of its “Creating the New”‘ long-term strategic business plan. Net income is now expected to grow between 20 percent and 22 percent on average annually over the next three years.

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