DGAP-News: Goldrooster announces significant increase in revenue and profit in the first six months of 2013
(firmenpresse) - DGAP-News: Goldrooster AG / Key word(s): Half Year Results
Goldrooster announces significant increase in revenue and profit in
the first six months of 2013
23.08.2013 / 09:30
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Goldrooster announces significant increase in revenue and profit in the
first six months of 2013
- Revenue up 23.6 percent to EUR 85.4 million
- Net profit improves by 26.7 percent to EUR 13.1 million; EUR 0.63 per
share
- Sales network expanded significantly
- Revenue growth exceeding 20 percent expected in 2013
Berlin, Germany, 23 August 2013 - Goldrooster AG (ISIN DE000A0AYYU6), the
German holding company of Goldrooster Group, an operator of an innovative
sports fashion brand specialising in apparel, footwear and accessories for
the Chinese market, today announced that it continued its profitable growth
in the first six months of 2013. Both revenue and profit recorded
double-digit growth rates in the reporting period. At EUR 85.4 million,
revenue was 23.6 percent higher than the previous year's figure of EUR 69.1
million. Gross profit was EUR 24.1 million, up 25.5 percent from EUR 19.2
million posted in the first six months of 2012. This represents gross
profit margin of 28.2 percent compared with 27.8 percent in the previous
year. Earnings before interest and taxes (EBIT) improved by 27.2 percent to
EUR 17.4 million and net profit rose by 26.7 percent to to EUR 13.1
million. This has lifted the net profit margin from 15.0 percent to 15.3
percent. Earnings per share in the first six months rose by 23.6 percent to
EUR 0.63, after EUR 0.51 in the previous period under review.
Goldrooster stepped up its marketing and sales activities in the reporting
period to further sharpen the profile of its brand and increase brand
recognition. This includes sponsoring a yachting team ('Team Goldrooster'),
which competed in a regatta in China for the second time in March 2013. The
'Goldrooster Cup' will take place in September 2013 in Xiamen, in the
province of Fujian in Southeast China.
Goldrooster also launched numerous new, high-quality products in the
reporting period. Goldrooster continued to record strong demand in the
first six months of 2013 and the number of retail shops increased
substantially. By the end of June 2013, Goldrooster had an extensive sales
network comprising 1,607 retail outlets. This means that the number of
shops rose by 153 compared with the end of June 2012 and by 90 compared
with the end of December 2012.
This strong growth drove up working capital in the reporting period and
reduced cash and cash equivalents to EUR 37.3 million after EUR 50.9
million at the end of December 2012. Equity increased further by 23.2
percent to EUR 74.0 million, up from EUR 60.0 million as at the end of
2012. The equity ratio thus rose to 80.0 percent compared with 74.2 percent
as at the end of December 2012.
Goldrooster is highly optimistic as regards to the current 2013 financial
year and expects the positive business performance to continue with further
substantial revenue growth of more than 20 percent for the year as a whole.
More detailed information on the first six months of 2013 will be provided
with the publication of the 2013 half-yearly report on 9 September 2013 at
www.goldrooster.de.
About Goldrooster
Goldrooster Group runs an innovative sports fashion label, specialising in
apparel, footwear and accessories for the Chinese market. With the goal of
delivering high quality products at attractive prices, it targets China's
young and ambitious middle class ranging in age from 18 to 35. The company
has been on a profitable growth path for years.
Contact:
edicto GmbH
Dr. Sönke Knop / Peggy Kropmanns
Eschersheimer Landstrasse 42
60322 Frankfurt, Germany
Phone: +49 (0)69 905505 51
E-mail: goldrooster(at)edicto.de
Disclaimer
This publication constitutes neither an offer to sell nor a solicitation to
buy securities of Goldrooster AG. The shares have been offered solely by
means of, and on the basis of, the published securities prospectus. The
securities prospectus is available on the Company's website
(www.goldrooster.de).
This document is not an offer of securities for sale or a solicitation of
an offer to buy securities in the United States. The shares of Goldrooster
AG ('Shares') have not been registered under the U.S. Securities Act of
1933, as amended ('Securities Act') and may not be offered or sold in the
United States, unless registered under the Securities Act or according to
an exemption from such registration. There will not be any public offering
of the Shares in the United States and the Shares will not be registered
under the Securities Act.
This document is only aimed at and is only distributed to (i) individuals
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 ('Order') or (iii) high net worth
entities, and other individuals to whom it may lawfully be communicated,
falling within Article 49(2)(a) to (d) of the Order (together referred to
as 'relevant persons'). The Shares are only available to, and any
invitation, offer or agreement to subscribe, buy or otherwise acquire such
securities will be engaged in only with, relevant persons. Any individual
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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23.08.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group 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: Goldrooster AG
c/o Salans LLP, Markgrafenstraße 33
10117 Berlin
Germany
Phone: +49 (0)30 695 29 234
Fax: +86 595-85350888
E-mail: goldrooster(at)edicto.de
Internet: www.goldrooster.de
ISIN: DE000A0AYYU6
WKN: A0AYYU
Listed: Freiverkehr in Berlin, Düsseldorf; Frankfurt in Open
Market (Entry Standard)
End of News DGAP News-Service
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227195 23.08.2013
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Datum: 23.08.2013 - 09:30 Uhr
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