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adidas sees slower sales growth in 2015 as trims margin target

German sportswear firm Adidas AG, struggling to keep pace with larger US rival Nike, said it expected sales growth to slow in 2015 as it reported third-quarter results in line with forecasts.

Adidas reported third quarter operating profit fell 13 percent to EUR405 million (USD507 million) on sales of EUR4.118 billion, slightly ahead of average analyst forecasts for EUR399 million and EUR4 billion respectively.