Soaring online sales last year boosted overall revenues at the Irish arm of sportswear giant Adidas by 4% to €37.7m.

New accounts show that Adidas (Ireland) Ltd last year weathered the impact of Covid-19 as online sales increased by €13.2m.

According to the directors, the online sales surge more than made up for the €11.8m decrease in wholesale sales.

Higher costs resulted in the company's pre-tax profits declining by 13.5% to €764,000.

A note attached to the accounts states that the 4% increase in overall sales in 2020 was achieved after trading in the second half of the year "saw a strong recovery".

The German owned sportswear giant supplies jerseys to some of the best known soccer clubs in the world including Manchester Utd, Juventus, Real Madrid, Bayern Munich, Celtic and Arsenal.

The recent signing of Ronaldo by Manchester United resulted in a global scramble by Manchester Utd fans for the Ronaldo no 7 Manchester Utd top.

The directors of the Irish arm are anticipating an increase in sales in 2021 here.

They said that "we have seen positive long term industry drivers such as the increasing penetration of sports-inspired apparel and footwear amplified by the pandemic and digital channels are set to continue to grow".

The company last year paid a final 2019 dividend of €600,000.

No interim dividend was paid last year and the directors have not yet proposed a final ordinary dividend in respect of the current financial year.

Adidas Ireland employs six staff here in sales and marketing and staff costs last year totalled €341,000.

Reflecting on 2020, the directors said that in the first half of 2020, the global sports goods industry was negatively impacted by lockdowns and quarantine measures due to the Covid-19 pandemic.

The directors said that the postponement of major amateur and professional sports events posed headwinds for the industry.

"We saw a decline in demand from our wholesale channel but an accelerated shift toward digital channels which more than offset this impact," they said.

They said they reduced costs and optimised cash flow and liquidity during 2020.

The firm last year recorded post tax profits of €686,000 after paying corporation tax of €78,000.