DGAP-News: Ahlers AG reports good start to new financial year. Sales and earnings before special effects up 6 percent.
(firmenpresse) - DGAP-News: Ahlers AG / Key word(s): Interim Report/Quarter Results
Ahlers AG reports good start to new financial year. Sales and earnings
before special effects up 6 percent.
12.04.2012 / 09:12
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April 12, 2012
PRESS RELEASE
Ahlers reports good start to new financial year. Sales and earnings before
special effects up 6 percent.
In the first quarter of 2011/12, the Ahlers Group increased its sales
revenues by 5.9 percent to EUR 70.5 million (previous year: EUR 66.6
million) thanks to strong growth in the Premium segment. The contribution
made by the Premium segment rose by 10.3 percent from EUR 39.0 million in
the prior year period to EUR 43.0 million. The Premium segment now accounts
for 61 percent (previous year: 58 percent) of total sales. All Premium
brands, Baldessarini, Pierre Cardin and Otto Kern, achieved strong growth.
Sales revenues also picked up in the Jeans&Workwear segment, namely by
3.0 percent. The Men's&Sportswear segment reported a EUR 0.6 million
decline in sales revenues, which was primarily due to the non-recurrence of
revenues from the Jupiter Shirts business, which was spun off into a joint
venture in 2010.
Sales revenues in the company's Retail segment increased by an impressive
19 percent. The Retail segment now accounts for 8.7 percent of total sales
revenues, up from 7.7 percent.
The income statement for the first quarter of 2011/12 shows similar growth
rates in earnings as in sales revenues. EBIT before special effects
increased at the same rate as revenues, namely by 5.9 percent, and totalled
EUR 7.2 million in the first quarter (previous year: EUR 6.8 million). The
EBIT margin remained unchanged at 10.2 percent (previous year: 10.2
percent). After special effects, unchanged financial result and tax
expenses, Ahlers generated consolidated net income after taxes of EUR 4.8
million, up 4.3 percent on the same period of the previous year (EUR 4.6
million).
CEO Dr. Stella A. Ahlers commented on the company's performance 'The
success story of our Premium brands, Baldessarini, Pierre Cardin and Otto
Kern, continues. We have won the first top customers for our Pierre Cardin
ladieswear collection, and Baldessarini reported solid growth thanks to
good retail sales.' The CEO is carefully optimistic about the current
financial year 2011/12, for which she projects moderate sales and earnings
growth. This will be driven by the company's own Retail activities as well
as by new shop-in-shops in specialist retail stores.
Summary of Ahlers Group figures
in EUR million Q1 2011/12 Q1 2010/11 ChangeEnd of Corporate News
in %
Sales revenues 70.5 66.6 5.9
EBIT before special effects 7.2 6.8 5.9
EBIT margin (in %) 10.2 10.2
Net income before taxes 6.8 6.6 3.0
after taxes 4.8 4.6 4.3
Employees as of the reporting date 2,259 2,276 -0.7
Equity ratio (in %) 61.0 61.9
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12.04.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
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Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Ahlers AG
Elverdisser Straße 313
32052 Herford
Germany
Phone: +49 (0)5221 979-0
Fax: +49 (0)5221 70058
E-mail: ahlers-ag(at)ahlers-ag.com
Internet: www.ahlers-ag.com
ISIN: DE0005009708, DE0005009732
WKN: 500970, 500973
Listed: Regulierter Markt in Düsseldorf, Frankfurt (Prime
Standard); Freiverkehr in Berlin, Hamburg, Stuttgart
End of News DGAP News-Service
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164602 12.04.2012
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