DGAP-News: Half-year report - Hallhuber: Continuing on a growth path
(firmenpresse) - DGAP-News: Hallhuber GmbH / Key word(s): Interim Report
Half-year report - Hallhuber: Continuing on a growth path
26.09.2013 / 09:34
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HALLHUBERHalf-year report - Hallhuber: Continuing on a growth path
PRESS RELEASE
- Sales up by 11 percent to EUR47.3 million
- Operating result: EUR2.3 million
Munich, 26 September 2013. Hallhuber GmbH, the German fashion company for
high-end women's wear, continued on its growth path in the first six month
of 2013. As the half-year report published today shows, sales rose by 11
percent compared with the prior-year period to EUR47.3 million. This is due
to the greater number of stores and sales areas from 132 to 146 (as of 30
June 2013) but also to an increase in sales by 3.1 percent (including
online shops) on a like-for-like basis. 'This is a great success
particularly in view of sales in our industry which fell across the board
by six percent,' says Norbert Steinke, Manager of Hallhuber GmbH.
Hallhuber thus substantially improved its market share once again - also
adjusted for retail space. Gross profit rose by EUR3.4 million to EUR31.1
million. Operating EBITDA, at EUR2.3 million, was lower than the comparable
prior-year figure of EUR3.1 million. The main reason for this are the
startup costs for expanding stores and online channels. Total assets rose
by EUR13.6 million to EUR65 million.
In the first half of the year Hallhuber also very successfully placed a mid
cap bond for EUR30 million. Hallhuber will use the proceeds to finance
further growth and, as announced, to discharge parts of the shareholder
loan. As a result of this rescheduling, economic equity fell as planned
from EUR26.9 million at the end of 2012 to EUR5.3 million EUR at 30 June
2013 since the loan was equity-related. Thanks to its strong performance,
Hallhuber will be able to substantially improve this figure by yearend.
'In the second half of the year we will continue to expand, opening more
than 20 retail shops,' says manager, Norbert Steinke. 'Our operating
performance is still strong and we expect higher operating profits for 2013
than in 2012, and in 2014 we will see a significant rise in sales and
profits.'
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About Hallhuber: Hallhuber GmbH, a fashion retailer specialising in
high-quality women's wear, was founded in 1977 at the company's
headquarters in Munich. Hallhuber sells only fashions designed by its own
team of designers which are produced in selected, controlled workshops and
sold exclusively through 167 shops (as of August 2013) in Germany, Austria,
Belgium, Switzerland and the Netherlands as well as through its own online
platform in Germany, Austria and France. In 2012 the company posted sales
of 94 million euros, rising in both of the past two years by over 20
percent. Norbert Steinke has been CEO since 2009, with Richard Lohner as
CFO since 2010. Hallhuber GmbH is wholly owned by Hallhuber Beteiligungs
GmbH and constitutes this holding company's only investment.
Disclaimer:
This information constitutes neither an offer to purchase nor a
subscription to securities of Hallhuber Beteiligungs GmbH nor an invitation
to submit an offer for acquisition of securities. Fractional bonds of
Hallhuber Beteiligungs GmbH may be purchased exclusively on the basis of
the security prospectus which is downloadable at www.hallhuber.com and
obtainable free of charge from Hallhuber Beteiligungs GmbH, Taunusstrasse
49, 80807 Munich, Germany.
Contact:
Anna Klie
Marketing/PR
Hallhuber GmbH
Taunusstr. 49
80807 München
Telefon 089 35 62 41 -88 / -16
pr-showroom(at)hallhuber.de
Thomas Luber
Director
NewMark Finanzkommunikation GmbH
Zum Laurenburger Hof 76
60594 Frankfurt
069 94 41 80 -69
thomas.luber(at)newmark.de
/
End of Corporate News
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232039 26.09.2013
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Datum: 26.09.2013 - 09:34 Uhr
Sprache: Deutsch
News-ID 300388
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