The adidas Group's income before taxes worldwide from 2000 to 2023

The adidas Group’s worldwide income before taxes was approximately 65 million euros in 2023, a decrease from 388 million euros in the previous year.

Where are the adidas Group’s products made?

The adidas Group reduced worldwide production of footwear in 2023, after an increase in the previous year. The production of apparel also decreased significantly compared to the previous year, and was the lowest it had been since 2014. The majority of products continue to be produced in Asia: 91 percent of the company’s apparel was sourced in Asia in 2023, and 97 percent of all footwear was produced in the region. Over the years, the high-volume production of footwear and apparel contributed to the company’s net sales.

The impact of global economic difficulties on adidas

The adidas Group’s operating profit suffered in 2023. 268 million euros was the lowest figure over the displayed time period.