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'Germany-based Adidas said on Thursay its performance was being helped by its sponsorship of the London 2012 Olympics and the Euro 2012 soccer tournament this summer, which have given its three-stripe brand a visible presence on television screens all over the world for most of the summer.'

'Adidas said it now expected earnings per share in 2012 of between 3.68 euros and 3.75 euros ($4.53-$4.61), compared with a previous target for between 3.58 euros and 3.75 euros. It kept a forecast for overall sales to grow by almost 10 percent.

In the second quarter, sales growth in China slowed to 13 percent from the 26 percent reported in the first quarter.'

'The group reported second quarter sales up 7 percent at constant currency rates to 3.517 billion euros and operating profit of 256 million, slightly above analysts' forecasts for sales of 3.496 billion and operating profit of 243 million euros.'
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