DGAP-News: Ahlers AG: Ahlers reports 77 percent earnings growth for FY 2009/10 and presents optimistic outlook on FY 2010/11
(firmenpresse) - DGAP-News: Ahlers AG / Key word(s): Final Results/Dividend
Ahlers AG: Ahlers reports 77 percent earnings growth for FY 2009/10
and presents optimistic outlook on FY 2010/11
16.03.2011 / 12:29
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March 16, 2011
PRESS RELEASE
Ahlers reports 77 percent earnings growth for FY 2009/10 and presents
optimistic outlook on FY 2010/11
Menswear manufacturer Ahlers has emerged successfully from the crisis and
posted a consolidated net income for the year of EUR 8.5 million in the
past fiscal year (+77 percent on the previous year's EUR 4.8 million). In
Q4 2010, sales revenues increased by 8.6 percent, while full-year sales
rose by 0.6 percent to EUR 250.8 million (previous year: EUR 249.8
million). With cash flow from operations up by 85 percent on the previous
year, the company's sound financial position improved even further. The
equity ratio climbed from 58 percent in the previous year to 61 percent.
For the current fiscal year Ahlers' management projects growing sales and
earnings.
The increase in the fashion company's sales revenues is primarily
attributable to the Premium Brands, Pierre Cardin, Baldessarini and Otto
Kern. This segment grew by 5.2 percent and now accounts for 52 percent of
total sales (previous year: 50 percent). Sales revenues in the Retail
segment rose by an impressive 23 percent and now represent 9 percent of
total sales (previous year: 7 percent).
All brand segments increased their respective profit contributions in the
fiscal year 2009/10. Earnings in the Premium segment doubled. The profit
contribution made by the reliable Pioneer activities in the Jeans&Workwear segment climbed by 25 percent.
The menswear company's Management Board is optimistic about the current
fiscal year 2010/11. Incoming orders in the first six months were up by 3
percent on the previous year. Current orders for the second half of the
year are up by a double-digit percentage. Accordingly, Ahlers' sales
revenues should rise at a single-digit rate, while consolidated net income
is expected to increase by a double-digit percentage in 2011.
CEO Dr. Stella A. Ahlers commented on the company's performance: 'We have
optimised the company and focused it on fewer activities in the past years.
Going forward, we want to grow our fully integrated brands both nationally
and internationally. At present we are expanding our Retail activities and
want to increase the number of own stores and spaces at clothing retail
stores.'
The fashion company has just opened one store in Munich and one in
Switzerland for the Baldessarini and Gin Tonic brands and is about to open
another store in Munich. Besides the Gin Tonic online shop, which has just
been launched, online shops for Otto Kern and Baldessarini will be opened
in 2011. At the end of 2010, Ahlers had 27 own stores (previous year: 24).
132 mono-label stores are operated by partners and franchisees (previous
year: 117).
The Management Board and the Supervisory Board will propose a dividend of
EUR 0.55 per common share (previous year: EUR 0.30) and of EUR 0.60 per
preferred share (previous year: EUR 0.35) to the Annual Shareholders'
Meeting on May 4, 2011. The dividend will thus increase by a total of 78
percent. Moreover, Dr. Julia von Ah, Switzerland, will be proposed for
election as new Supervisory Board member of Ahlers AG at the Annual
Shareholders Meeting. This way, the company will reach the targets it has
set itself with regard to the composition of the Supervisory Board in terms
of internationality and the degree of female representation.
Summary of Ahlers Group figures:
in EUR millions 2009/10 2008/09 Change in %End of Corporate News
Sales revenues 250.8 249.4 0.6
EBIT before one-time effects 17.2 9.9 73.7
EBIT margin 6.8% 4.0%
Consolidated income before taxes 14.0 9.0 55.6
Consolidatet income after taxes 8.5 4.8 77.1
Cash flow from operations 20.3 11.0 84.5
Dividend 7.8 4.4 77.6
Employees (Nov. 30) 2.210 2.003 10.3
Equity ratio 60.8% 57.7%
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16.03.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: Ahlers AG
Elverdisser Straße 313
32052 Herford
Deutschland
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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115740 16.03.2011Unternehmensinformation / Kurzprofil:
Datum: 16.03.2011 - 12:29 Uhr
Sprache: Deutsch
News-ID 33480
Anzahl Zeichen: 0
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Kategorie:
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