Adidas Irish tens unit with sales shirt Munster

  • Adidas Irish tens unit with sales shirt Munster
    Independent.t. E.
    The sales of Munster Rugby tops last year contributed to pre-tax profits at the Irish arm from the sports giant Adidas is increased 3pcs Euro 909,000.
    https://www.independent.ie/business/irish/adidas-irish-unit-scores-with-munster-shirt-sales-37235669.html
    https://www.independent.ie/business/article37235667.ece/f78d1/AUTOCROP/h342/2018-08-21_bus_43424921_I1.JPG

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The sales of Munster Rugby tops last year contributed to pre-tax profits at the Irish arm from the sports giant Adidas is increased 3pcs Euro 909,000.

New accounts filed by Adidas (Ireland) Ltd show that pre-tax profit of the company increased last year, despite revenues falling by 11pc to €34.9 million to €31,1 m.

The business achieved an increase in profits after reducing administrative and distribution costs. In July 2016, Munster Rugby have extended the contract with Adidas as the official kit manufacturer in the province for another five years.

The five-year contract was the third extension to the agreement that was first signed in 2007.

After binding with Munster Rugby, Adidas has announced a five year kit online with Leinster Rugby at the beginning of this year, the team will be wearing the famous three stripes to 2018-19.

Add the following Leinster Adidas supplies a set of to New Zealand and France.

The fate of the Irish hands this year until the end of December last year, executives said sales dropped by 11pc and “this is primarily due to the decrease in local wholesale market.”

The Director stated that “in 2017, distribution costs declined by €209,000 and 2017 are also seen €146,000 reduction in administration costs”.


Adidas now also supply kits to Rugby rivals Leinster

The status of the company, the note attached to the statements States that the company is expected to continue to generate positive cash flow.

Accounts to announce that €148,000 was paid “compensation for loss of office as employee.” The firm incurred non-cash costs amortisation of €576,000 and operating lease costs of €134,000.

The number of employees in the past year fell from 12 to seven and the number of people employed in the sales and marketing of the remaining static at seven, while the number of employed in retail trade decreased from five to zero.

As a result, staff salaries, reduced from €427,000 € 383,000.

The company has paid dividends over the past year in the amount of 750 000 euros, and this was the result of payment of dividends in the amount of 750 000 euros in 2016.

Adidas supplies the kits for some of the biggest names in the world of football, including “Manchester United”, “Bavaria”, “real”, “Juventus” and the national team of Germany.

Recently, Adidas recorded a major coup when it sold 520,000 name of Juventus shirts bearing Ronaldo’s 24-hour period is compared with the club selling all 850,000 shirt in the season 2016-17.

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