Adidas flags possible €250m revenue hit from Russia exit

The firm also forecasts an 11% to 13% increase in currency-neutral sales this year

The sportswear giant suspended operations in Russia on Monday. 

Adidas expects a halt to its Russian operations to put up to $273.1m (€251m) of sales at risk this year, but forecast a bounce in its China business.

The sportswear giant suspended operations in Russia on Monday. It operates about 500 stores in the country, a quarter of its total. It also suspended its online shopping site there. Adidas said the risk from the Russia closures was about half of the company's total revenue in the region.