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Herbert Hainer, CEO of Adidas, the world's second biggest sports goods group, is pictured during the company's annual general meeting on May 8, 2008 in Fuerth, southern Germany. Adidas posted a higher first quarter profit, but its struggling Reebok brand saw orders fall by 22 percent. Adidas' net profit gained 32 percent to 169 million euros (262 million dollars) as it cut costs and reaped the benefit of the strong euro-dollar exchange rate in deals with suppliers, a company statement said.
Herbert Hainer, CEO of Adidas, the world's second biggest sports goods group, smiles during the company's annual general meeting on May 8, 2008 in Fuerth, southern Germany. Adidas posted a higher first quarter profit, but its struggling Reebok brand saw orders fall by 22 percent. Adidas' net profit gained 32 percent to 169 million euros (262 million dollars) as it cut costs and reaped the benefit of the strong euro-dollar exchange rate in deals with suppliers, a company statement said.
Board members of Adidas, the world's second biggest sports goods group, hold the company's annual general meeting on May 8, 2008 in Fuerth, southern Germany. Adidas posted a higher first quarter profit, but its struggling Reebok brand saw orders fall by 22 percent. Adidas' net profit gained 32 percent to 169 million euros (262 million dollars) as it cut costs and reaped the benefit of the strong euro-dollar exchange rate in deals with suppliers, a company statement said.