Adidas Group is raising its financial outlook for the current financial year, predicting earnings per share of between €2.05 and €2.30 from a previous forecast of €1.90 to €2.15. This follows an improvement in the group’s operating profit to €260 million in the first quarter of this year, compared to €58 million, due only in part to a low-double-digit extraordinary gain from the settlement of an unnamed lawsuit and from the sale of Above Rim earlier this year. The bulk of the progress came a higher gross margin and from a 4 percent increase in group revenues during the quarter, both in euros and on a currency-neutral basis, to almost €2.7 billion.