The currency-adjusted growth in consolidated sales of 10.2 % in 2016 is attributable to the positive development in all regions.
Growth in the EMEA region was particularly strong. Sales in the reporting currency, the euro, increased by 9.9 % to € 1,382.7 million. This corresponds to a currency-adjusted increase in sales of 13.2 %. Particularly strong contributions came from France and the DACH region (Germany, Austria and Switzerland), which recorded double digit sales growth. In addition, Russia and South Africa performed very well, also recording double-digit sales growth. The share of the EMEA region in consolidated sales increased from 37.1 % in the previous year to 38.1 % in the 2016 financial year.
All three product segments recorded a double-digit increase in sales on a currency-adjusted basis. Sales of footwear increased by 13.4 % on a currency-adjusted basis. In apparel, sales improved by 14.6 % on a currency-adjusted basis and accessories recorded currency-adjusted sales growth of 10.9 %.
Sales in the Americas region rose by 2.2 % to € 1,339.6 million in the reporting currency, the euro. On a currency-adjusted basis, sales increased by 8.3 %, with both North and Latin America contributing to the growth. The weakness of the currencies in Latin America, particularly in Argentina, continued to impact the development of sales in euro, the reporting currency, in 2016. The share of the Americas region in consolidated sales therefore fell from 38.7 % to 36.9 %.
In the segments, footwear was the main growth driver: On a currency-adjusted basis, sales improved by 11.4 %. Apparel sales increased by 7.7 % on a currency-adjusted basis and accessories recorded a currency-adjusted sales increase of 1.9 % compared to the previous year.
In the reporting currency, the euro, sales in the Asia/Pacific region rose by 10.5 % to € 904.5 million. The currency-adjusted sales increase was 8.5 %. The main drivers of growth in the region were China, with a double-digit increase in sales, followed by India, which also recorded strong sales growth. The difficult market environment in Japan and Korea, on the other hand, allowed only a stable development of sales in 2016. The share of the Asia/Pacific region in consolidated sales rose from 24.2 % to 24.9 % in 2016.
With regard to the product segments, the footwear segment continued its strong growth. Currency-adjusted footwear sales rose by 13.5 %. Apparel sales rose by 5.7 % on a currency-adjusted basis and accessories increased by 1.3 % on a currency-adjusted basis compared to the previous year.