While there are clear signs that the strength in Europe is starting to flag, the continued momentum in North America and China has more than offset that as Adidas reported a 19% increase in net income to €542 million ($650 mm) against €455 million as sales rose 2% in nominal terms and 10% currency neutral to €5,487 million ($6,650 mm) from €5,447 million, for the first quarter ended Mar. 31. The increase was led by 21% currency neutral growth in North America and 15.1% currency neutral growth in China, offset by a 16% decline in Russia currency neutral and a ... Log in to view full article.