DGAP-News: Ahlers AG: Sales revenues of Ahlers' Premium segment up by another 5.3 percent in the first quarter. Total sales revenues down by 5.2 percent due to discontinuation of Gin Tonic Woman and seasonal shifts.
(firmenpresse) - DGAP-News: Ahlers AG / Key word(s): Interim Report/Quarter Results
Ahlers AG: Sales revenues of Ahlers' Premium segment up by another 5.3
percent in the first quarter. Total sales revenues down by 5.2 percent
due to discontinuation of Gin Tonic Woman and seasonal shifts.
15.04.2013 / 09:41
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15. April 2013
PRESS RELEASE
Sales revenues of Ahlers' Premium segment up by another 5.3 percent in the
first quarter. Total sales revenues down by 5.2 percent due to
discontinuation of Gin Tonic Woman and seasonal shifts. Consolidated net
income after taxes slightly below prior year (EUR 4.8 million) at EUR 4.6
million. Equity ratio rises to 63 percent (previous year: 61 percent).
Forecast for full year 2012/13 confirmed.
Thanks to growth at Baldessarini and Pierre Cardin, the Premium segment's
revenues increased by 5.3 percent in Q1 2012/13 to EUR 45.3 million
(previous year: EUR 43.0 million). As a result, the segment's contribution
to total sales increased from 61 percent in the prior year period to 68
percent in the first three months of Q1 2012/13.
Last year, the Management Board decided to reorganise Gin Tonic from
scratch and to discontinue the ladieswear operations. The articles for
spring/summer were delivered later this year due to the cold weather
prevailing throughout Europe. Moreover, intra-seasonal orders were down on
the previous year due to the belated start of the season in the retail
sector. The 5.2 percent decline in consolidated sales revenues was
therefore due in almost equal parts to seasonal influences (-2.6 percent)
and the discontinuation of Gin Tonic Woman (-2.6 percent). Total sales
amounted to EUR 66.8 million (previous year: EUR 70.5 million). Sales
revenues in the company's own Retail segment increased by 2 percent in
spite of the unfavourable market situation in the first quarter and the
closure of some Gin Tonic stores. As a result, the Retail segment's
contribution to total sales revenues climbed from 8.7 percent to 9.3
percent.
At EUR 4.6 million, Ahlers' earnings after taxes were almost on a par with
the previous year's EUR 4.8 million, as positive extraordinary income and
reduced gross profits - which were attributable to lower sales revenues -
more or less offset each other. Other operating expenses remained stable at
the prior year level. As of February 28, 2013 Ahlers' equity ratio had
improved by another 2 percent to 63 percent (previous year: 61 percent).
The increase was mainly due to lower total assets, which, in turn were the
result of reduced inventories (EUR -2.5 million) and receivables (EUR -3.5
million). Operating cash flow was up by 15 percent on the previous year
thanks to the positive change in net working capital. Free cash flow was up
by as much as 31 percent on the prior year period.
After the first three months, the Ahlers Management Board has confirmed its
guidance for the full year 2012/13 and expects the company's total sales
revenues to remain more or less stable. This forecast is based on good
pre-sales for the autumn/winter season 2013. The Management Board expects
consolidated net income to come in between the previous year's EUR 7.3
million and the EUR 10.1 million posted in 2010/11.
Summary of Ahlers Group figures:
in EUR millions Q1 2012/ Q1 2011/ ChangeEnd of Corporate News
13 12 in %
Sales revenues - continued activities 66.7 68.6 -2.8
- incl. Gin Tonic Woman 66.8 70.5 -5.2
EBIT before special effects 5.8 7.2 -19.4
EBIT margin (in %) before special effects 8.7 10.2 -1.5
Consolidated net income before taxes 6.1 6.8 -10.3
after taxes 4.6 4.8 -4.2
Employees as of the reporting date 2,232 2,259 -1.2
Equity ratio (in %) 63.2 61.0 +2.2
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15.04.2013 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: 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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