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Germany's Adidas forecast a lower than expected operating profit for 2025, anticipating sales growth will slow slightly from a strong 2024, and flagged increased volatility due in part to U.S. tariffs.

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The German sportswear giant reported better-then-expected growth of 12 percent in 2024. But Adidas executives remained cautious about the coming year, citing geopolitical volatility and fears about inflation.

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