Adidas Leads Scoreboard In Frankfurt

Shares of sporting giant Adidas AG (ADS) leaped 7.4% after the Bavaria-based firm reported record profits from Olympics and European Championship in 2016, topping the charts on Frankfurt’s stock market.

Alongside last year’s strong results for, Adidas reported a 14% increase in sales (€19.3 billion), and its annual net profit increased 59% to €1billon.

Adidas was trading at 172 EUR at 12:00 GMT on Wednesday.

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