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Adidas Shares Jump on Target to Increase Sales 50%

Adidas AG, the world’s second-largest sporting-goods maker, rose the most in more than a month in Frankfurt trading after saying it aims to increase sales as much as 50 percent in the next five years.

Adidas rose as much as 3 percent, the steepest intraday gain since Oct. 7. Revenue will rise to 17 billion euros ($23.7 billion) by 2015 and profit will advance faster than sales, Chief Executive Officer Herbert Hainer said today at an investor day at the company’s Herzogenaurach, Bavaria headquarters.