DGAP-Adhoc: Ahlers AG: Business trend stabilises noticeably in Q1 2018/19. EBIT before one-time effects rises 18 percent to EUR 3.3 million (previous year: EUR 2.8 million). Full-year forecast remains unchanged.

2019. március 26., kedd, 12:30





DGAP-Ad-hoc: Ahlers AG / Key word(s): Quarterly / Interim Statement


Ahlers AG: Business trend stabilises noticeably in Q1 2018/19. EBIT before one-time effects rises 18 percent to EUR 3.3 million (previous year: EUR 2.8 million). Full-year forecast remains unchanged.


26-March-2019 / 12:30 CET/CEST


Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.


The issuer is solely responsible for the content of this announcement.




Ad-hoc announcement pursuant to Article 17 MAR



Ahlers AG, Herford



ISIN DE0005009740



Business trend stabilises noticeably in Q1 2018/19. EBIT before one-time effects rises 18 percent to EUR 3.3 million (previous year: EUR 2.8 million). Full-year forecast remains unchanged: consolidated earnings expected to improve noticeably although revenues decline at medium single-digit percentage rate.



In the first three months of the fiscal year 2018/19, the business situation of Ahlers continued to stabilise, as in the fourth quarter of the past fiscal year. Revenues exceeded the trend projected for the year 2018/19 (decline at medium single-digit percentage rate). Group sales revenues dropped by 2.8 percent to EUR 59.0 million (previous year: EUR 60.7 million) due to moderately lower sales of suits and jackets. This trend was at the upper end of the expectations and is based on stable stock sales and earlier delivery of the spring/summer collection. Towards the end of the first half of 2018/19, revenues are likely to approach the trend anticipated for the full year.



The set of earnings and efficiency enhancing measures launched in September 2018 helped to cut operating expenses by 5.2 percent from EUR 29.1 million to EUR 27.6 million, which more than offset the revenue effect on gross profit. As a result, EBIT before one-time effects rose by 18 percent to EUR 3.3 million (previous year: EUR 2.8 million). Earnings after taxes increased by 5 percent from EUR 2.0 million to EUR 2.1 million in the first quarter.



The Management Board has confirmed the forecast for the fiscal year 2018/19 published in the 2017/18 Annual Report, according to which revenues will decline by a medium single-digit percentage rate. Consolidated earnings after taxes are expected to increase at a high double-digit percentage rate but still to remain negative in 2018/19, which will be a year of transition. The company aims to return to profit in 2020 when all measures initiated will take effect.



All figures are provisional. The final figures for Q1 2018/19 will be published on April 10, 2019.



Herford, March 26, 2019



The Management Board



Ahlers AG

Elverdisser Str. 313

32052 Herford






Contact:

Michael Zielke

Investor Relations Manager








26-March-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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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@ahlers-ag.com
Internet: www.ahlers-ag.com
ISIN: DE0005009740
WKN: 500974
Listed: Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Stuttgart





 
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