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adidas Q2’23 Financial Results Flat Compared To Q2’22

Currency-neutral revenues flat versus the prior-year level Top-line development reflects improved sell-out trends and conservative sell-in strategy Gross margin up 0.6pp to 50.9%; strong improvement compared to Q1 reflecting better sell-through and less discounting Operating profit of €176 million includes extraordinary expenses of around €160 million related to one-off costs, donations and accruals for future donations Inventory position improves substantially versus Q1 level to €5.5…