DGAP-News: KINGHERO AG: Consistent growth in first nine months of 2012
(firmenpresse) - DGAP-News: KINGHERO AG / Key word(s): Preliminary Results
KINGHERO AG: Consistent growth in first nine months of 2012
01.11.2012 / 07:50
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* Revenues up to EUR 88.6 million
* EBIT margin of 22.5%
* Guidance for full year 2012 confirmed
Munich, 1 November 2012. KINGHERO AG, the German holding company of a
fast-growing Chinese fashion company, announces today its preliminary
results for first nine months 2012. The company shows a positive business
development with total revenues adding up to EUR 88.6 million, an increase
of 40% compared to the previous year.
Despite the increasing raw material prices, the gross profit rose by
approx. 41% to EUR 34.5 million mainly driven by higher average selling
prices. EBIT amounted to EUR 19.6 million which represents an EBIT margin
of 22.5% for the nine months in 2012 (9M 2011: 25.9%).
Guidance confirmed
As planned in its growth strategy, KINGHERO seeks to develop its existing
merchandise categories and increase sales, both with distributors as well
as with its own flagship stores. The overall sales and margin development
in the first nine months of 2012 is in line with the company's
expectations. KINGHERO anticipates overall sales of approximately EUR 125.0
million for the whole year of 2012 and sustainable margins on previous
year's level.
About KINGHERO AG
KINGHERO AG is the German Holding Company of the KINGHERO Group of
companies, mainly active in the Peoples Republic of China (PRC). The Group
is a strongly growing apparel manufacturer and designer, featuring a
leading Chinese fashion brand for the strongly growing urban middle class
in China. The key to the Company's success is a high fashion degree with a
European 'touch and feel' as well as an upscale quality. The high speed of
the design and marketing of new collections ensures a fit to the changing
demands of the growing urban middle class in China. Being in this business
for more than 25 years, the group and its more than 1,000 employees produce
attire for all seasons under the KINGHERO brand. The product portfolio
includes suits, jackets, shirts, pants and sweaters for men and women and
is divided into a business casual range and a general casual range.
For further information please contact:
Kirchhoff Consult AG
Dr. Kay Baden
Phone: +49 (0)40 60 91 86 0
baden(at)kirchhoff.de
KINGHERO AG
Gustav-Heinemann-Ring 44
81739 Munich
Phone: +49(0)89 6734 6884
Fax: +49(0)89 6734 6887
Disclaimer
This document is not an offer of securities for sale or a solicitation of
an offer to purchase securities in the United States. The shares of
KINGHERO AG (the 'Shares') have not been registered under the U.S.
Securities Act of 1933, as amended (the 'Securities Act') and may not be
offered or sold in the United States unless registered under the Securities
Act or pursuant to an exemption from such registration. There will be no
public offering of the Shares in the United States and the Shares will not
be registered under the Securities Act.
This document is only being distributed to and is only directed at (i)
persons who are outside the United Kingdom or (ii) to investment
professionals falling within Article 19(5) of the Financial Services and
Markets Act 2000 (Financial Promotion) Order 2005 (the 'Order') or (iii)
high net worth entities, and other persons to whom it may lawfully be
communicated, falling within Article49(2)(a) to (d) of the Order (all such
persons together being referred to as 'relevant persons'). The Shares are
only available to, and any invitation, offer or agreement to subscribe,
purchase or otherwise acquire such securities will be engaged in only with,
relevant persons. Any person who is not a relevant person should not act or
rely on this document or any of its contents.
End of Corporate News
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01.11.2012 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,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: KINGHERO AG
Gustav-Heinemann-Ring 44
81739 München
Germany
Phone: 089 - 6734 6884
Fax: 089 - 6734 6887
E-mail: contact(at)kinghero.de
Internet: www.kinghero.de
ISIN: DE000A0XFMW8
WKN: A0XFMW
Listed: Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart;
Open Market (Entry Standard) in Frankfurt
End of News DGAP News-Service
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