Adidas Expects Profit Rebound

06 August 2020

    Sportswear retail giant - Adidas reports an expected rise in profits in Q3, following its devastating plunge in the second quarter as the majority of stores were closed as a result of pandemic lockdowns.


    The second quarter had ended up a disaster for the German firm, as it saw an operating loss of 333 million euros, a whole 290 million over analysts expectations. Sales figures, to be fair, have fallen a little more in line with expectations - down 3.579 billion euros, against the expected 3.3 billion.


    An improvement in operating profit of over 1 billion euros is expected for Q3, which will hopefully grant the Adidas stock a much-needed uplift.

    *The products advertised are only available to clients under Fondex Limited Seychelles (SDL No: SD037).



Cookies on Fondex

The Fondex website uses cookies to optimise user experience.

These cookies fall under the following categories: essential, functional and marketing cookies. Marketing cookies may also include third-party cookies.

Manage Preferences

You can customize your selection of which cookies you want to accept.

  • Essential

    These cookies are necessary for the website to function correctly and cannot be switched off.

  • Functional

    Functional cookies allow the website to remember users' preferences and the choices you make on the website such as username, region, and language.

  • Marketing

    These cookies are used to track visitors across our websites and show you more relevant ads. Marketing cookies also include third-party cookies from partners. For more information relating to data protection & collection please view our Privacy Policy and Cookie Disclosure.


The Company would like to inform you that it will terminate its operations under the "Fondex" brand by 30th of December 2022. If you wish to open a trading account, kindly visit