DGAP-News: Ahlers AG: Ahlers reports 7.5 percent sales growth and 67 percent increase in earnings for H1 2010/2011 and presents optimistic forecast for second half
(firmenpresse) - DGAP-News: Ahlers AG / Key word(s): Half Year Results/Forecast
Ahlers AG: Ahlers reports 7.5 percent sales growth and 67 percent
increase in earnings for H1 2010/2011 and presents optimistic forecast
for second half
13.07.2011 / 12:00
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July 13, 2011
PRESS RELEASE
Ahlers reports 7.5 percent sales growth and 67 percent increase in earnings
for H1 2010/2011 and presents optimistic forecast for second half
The Ahlers Group accelerated its growth in the second quarter of fiscal
2010/2011 and increased its revenues from continued activities by 12
percent. Sales revenues for the six-month period rose by 7.5 percent to EUR
122 million (previous year: EUR 113 million; EUR 119 million including
Jupiter Shirts).
The positive sales trend is attributable to strong growth in the Premium
and Jeans&Workwear segments, which boosted their revenues by 10 percent
each. Every brand in these segments achieved significant growth, led by
Baldessarini, Pierre Cardin, Otto Kern and Pionier Workwear.
The Group's net income after taxes increased by an impressive 67 percent.
In the first half of the year, Ahlers generated EUR 4.0 million, up EUR 1.6
million on the previous year. This was primarily attributable to an 11
percent increase in the operating result (EBIT before special effects) and
the non-recurrence of special effects which had weighed on the result in
the previous year. With the equity ratio unchanged at 60 percent, the
balance sheet remained sound.
The Management Board is optimistic about the fiscal year 2010/11. Incoming
orders for the autumn/winter 2011 season are up by a double-digit
percentage on the previous year. This suggests that growth will accelerate
in the second half of the year and that full-year sales revenues will rise
sharply. Ahlers also projects a marked increase in consolidated net income
after taxes.
The expansion of the Retail activities continues according to plan. In the
first half of the year, Ahlers achieved 12 percent growth in this segment,
which now contributes 9.1 percent to total sales revenues (previous year:
8.3 percent). Another four stores were opened in the first six months of
the fiscal year, e.g. in Munich and Switzerland. Ahlers now operates 31 own
stores. The company also continues to expand its Internet activities.
Following the example of Gin Tonic, Baldessarini and Otto Kern plan to open
their own Internet stores in the second half of 2011. The number of retail
spaces, Ahlers has by textile retailers, is growing as well. The company
plans to increase their number by approx. 8 percent by the end of the
fiscal year.
Summary of Ahlers Group figures:
in EUR millions H1 2010/11 H1 2009/10 Change in %
Sales revenues - continued operations 121.5 113.0 7.5
- incl. Jupiter Shirts 122.0 118.8 2.7
EBIT before special effects 5.8 5.2 11.5
EBIT margin (in %) 4.8 4.4
Net income before taxes 5.7 3.9 46.2
after taxes 4.0 2.4 66.7
Cash flow from operating activities -3.7 4.0 n.a.
Employees (May 31) 2,289 2,179 5.0
Equity ratio (in %) 60.3 61.3
End of Corporate News
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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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131863 13.07.2011
Datum: 13.07.2011 - 12:00 Uhr
Sprache: Deutsch
News-ID 34603
Anzahl Zeichen: 0
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Kategorie:
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