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BERLIN (Reuters) - German sportswear company Adidas <ADSGn.DE> raised its outlook for full-year sales and profits as it reported better-than-expected quarterly results helped by a recovering U.S. business and strong China sales despite an economic slowdown.
Adidas said on Thursday it expects currency-neutral sales to increase at a high-single-digit rate, compared to a previous forecast for a mid single-digit rate.
Net income from continuing operations excluding goodwill impairment should increase by around 10 percent, versus a previous 7-10 percent target.