Adidas shares rise as CEO reveals sales topped €20bn

Sales at German sportswear firm Adidas rose between 15% and 20% to more than €20bn in 2017, helped by growth in China, North America, and by online sales, chief executive Kasper Rorsted said

An Adidas spokeswoman said there was no change to the company’s forecast for sales to rise at a currency-adjusted 17% to 19% in 2017. It reports annual results on March 14.