Adidas reports higher sales, modest profit rise

German sportswear and equipment maker Adidas on Thursday reported higher sales and a slight profit rise for the second quarter, despite falling revenues in its golf division.

Net profit in the April through June period was up 1.4 percent compared to the second quarter last year to 146 million euros ($159 million), the company said, in line with expectations.

Overall sales, driven by the Adidas and Reebok brands, rose 15 percent to 3.91 billion euros.

Adidas, the main European rival of US sportswear giant Nike, welcomed the rise in revenues, as it was compared to a year earlier when the company benefited from its sponsorship of the Brazil football World Cup.