BERLIN, (Reuters) – Adidas (OTC 🙂 has lowered its expectations for revenue in 2022 and income targets. The company was hit by renewed COVID-19 lockdowns from Greater China on Friday.

According to the company, it expects that its 2022 outlook for an increase of currency-neutral sales of 11-13% and for continued operations net income between 1.8-1.9 billion euros will be lower.