HERZOGENAURACH / LONDON (IT BOLTWISE) – The sporting goods manufacturer Adidas has raised its profit forecast for the current year after successful summer business. Despite record sales and an optimistic forecast, investors on the stock market reacted cautiously. Other companies such as TeamViewer and L’Oreal are also facing challenges, while Netflix and Barclays are reporting positive developments.
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The sporting goods manufacturer Adidas has raised its profit forecast for the current year after an unexpectedly successful summer business. Operating profit is now expected to reach around 2 billion euros, after previously forecasting 1.7 to 1.8 billion euros. This positive development is due to surprisingly good business and successful measures to reduce additional costs caused by US tariffs. Despite this positive news, investors on the stock market reacted cautiously and the shares lost value.
In contrast, the remote maintenance software specialist TeamViewer had to adjust its targets for 2025 and 2026 downwards. The reason for this is weak development in US business and disappointment with the performance of the recently acquired software company 1E. This news caused TeamViewer’s share price to hit a record low.
The cosmetics giant L’Oreal also disappointed in the third quarter with unexpectedly weak sales development. Despite a recovery in business in mainland China, group-wide sales development fell short of expectations. The share then came under pressure. In contrast, the luxury group Hermes achieved strong growth in the third quarter, but negative exchange rate effects slowed growth. The leather goods division, the group’s most important profit generator, slightly missed expectations, which also led to a decline in the share price.
The major Italian bank UniCredit, however, surprised with a further profit increase in the third quarter. At 2.6 billion euros, the surplus was almost five percent higher than in the previous year and significantly exceeded analysts’ expectations. UniCredit boss Andrea Orcel sees the bank on track to have the best year in its history. Netflix and Barclays were also able to report positive developments. Netflix is approaching one billion viewers, while Barclays is raising its 2025 return target and buying back its own shares.
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