german maker

Adidas, the German maker of athletic apparel and sporting goods, said its fourth-quarter profit rose 62 percent on lower purchasing costs resulting from its acquisition of Reebok in 2006, but its results fell below analysts’ expectations.

The company earned 21 million euros ($31.9 million) in the period, up from 13 million euros a year earlier.

Sales rose to 2.4 billion euros ($3.7 billion) from 2.3 billion euros. Adidas said Reebok’s chief marketing officer, Uli Becker, would succeed Paul Harrington as chief executive of the unit.

Adidas, the German maker of athletic apparel and sporting goods, said its fourth-quarter profit rose 62 percent on lower purchasing costs resulting from its acquisition of Reebok in 2006, but its results fell below analysts’ expectations.

The company earned 21 million euros ($31.9 million) in the period, up from 13 million euros a year earlier.

Sales rose to 2.4 billion euros ($3.7 billion) from 2.3 billion euros. Adidas said Reebok’s chief marketing officer, Uli Becker, would succeed Paul Harrington as chief executive of the unit.

Adidas, the German maker of athletic apparel and sporting goods, said its fourth-quarter profit rose 62 percent on lower purchasing costs resulting from its acquisition of Reebok in 2006, but its results fell below analysts’ expectations.

The company earned 21 million euros ($31.9 million) in the period, up from 13 million euros a year earlier.

Sales rose to 2.4 billion euros ($3.7 billion) from 2.3 billion euros. Adidas said Reebok’s chief marketing officer, Uli Becker, would succeed Paul Harrington as chief executive of the unit.

Adidas AG said Wednesday that its fourth-quarter profit rose 62 percent on lower purchasing costs due to its acquisition of Reebok in 2006, but results from the German maker of athletic apparel and sporting goods fell below analyst expectations.