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โข Q3 Revenue: โฌ7.252 billion (+9%, +7% on a currency-adjusted basis)
โข Operating Income: โฌ1.008 billion (+37%)
โข Gross Margin: 54.3% (+2.5 percentage points)
โข Record levels for revenue and operating profit
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๐ฏ ๐๐ฎ๐ฌ๐๐ฅ๐ข๐๐ค
โข Operating profit in 2026: approximately โฌ2.5 billion (previously โฌ2.3 billion)
โข Currency-adjusted revenue growth: +9% to +10%
โข Excluding planned reinvestments of โฌ100 million in Q4, an operating profit of approximately โฌ2.6 billion would be achievable
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๐ Key Points
โข Customs refunds of approximately โฌ200 million in Q3 support the gross margin and profitability
โข Strong full-price business drives margin improvement despite negative currency effects
โข Higher profitability from revenue growth contributes an additional approximately โฌ100 million to the expected full-year result
โข adidas plans to reinvest approximately โฌ100 million in Q4 to strengthen future operating leverage