Adidas Chief Hainer Forecasts Strong Growth in 2011, DAF Says

Adidas AG Chief Executive Officer Herbert Hainer said the German sporting-goods maker will grow significantly this year after a strong 2010, DAF Deutsches Anleger Fernsehen reported, citing an interview.

Adidas will grow 15 percent to 20 percent annually in China over the next five years and exceed 1 billion euros in revenue ($1.36 billion) this year, Hainer said, according to an e-mailed version of the television interview.

The German company, which created a subsidiary in Egypt three years ago, will continue to operate in the country even after some stores were plundered, the CEO said, according to DAF.

To contact the reporter on this story: Aaron Kirchfeld in Frankfurt at akirchfeld@bloomberg.net

To contact the editors responsible for this story: Frank Connelly at fconnelly@bloomberg.net; Edward Evans at eevans3@bloomberg.net

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