Adidas UK has seen a 23.6% increase in sales to £1.29 billion, after filing its results for the year ending 31 December 2021.
This revenue included a sales increase of £207.7 million in wholesale, £13.8 million in retail locations and £24.7 million in its ecommerce offering.
The sportswear giant said its positive performance indicates a return to normal trading levels after the impact of the pandemic on sales in 2020.
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In addition, profit before tax increased by 63.6% to £39.8 million, driven by a higher revenue figure. Adidas’ number of employees also increased to 1,294, from 1,146 the year prior.
Despite challenges from Covid-19 impacting Adidas sales in Q1 of 2021, the group said that a “good recovery” in consumer confidence and a consistent demand for sportswear saw sales increase in the rest of the year.
The retailer added that while 2022 began with many challenges, including “significant rises” in consumer prices and the invasion of Ukraine, the group’s 2022 outlook remains positive and it anticipates steady growth.
