Adler Modemärkte AG
Adler Modemärkte AG: Outlook for 2016 Remains Positive Despite Slow Start to the Year
DGAP-News: Adler Modemärkte AG / Key word(s): Quarterly / Interim Statement Revenue and Earnings Weighed Down by Weather Conditions / Measures to Reduce Costs and Stimulate Business Successfully Initiated
Gross profit amounted to EUR 50.5 million (previous year: EUR 56.9 million) with the gross profit on goods sold falling from 49.5% to 47.9%. By contrast, the decline in EBITDA (earnings before interest, tax, depreciation and amortisation) from EUR -13.0 million to EUR -16.6 million was less pronounced since non-recurring restructuring and integration expenses were reduced significantly, as planned. Operating earnings before interest and tax (EBIT) declined from EUR -17.0 million in the previous year to EUR -20.6 million and earnings before tax (EBT) fell from EUR -18.2 million to EUR -21.9 million. Given the year-on-year increase in tax income, ADLER reported a consolidated net loss of EUR 15.0 million as at 31 March 2016 (previous year: consolidated net loss of EUR 13.5 million). The adjusted earnings per share amounted to EUR -0.81 (based on 18,510,000 no-par value shares). Earnings per share totalled EUR -0.73 in the same quarter of the previous year. As is common in the first quarter, cash and cash equivalents fell significantly as compared to the end of 2015 (EUR 52.1 million), although they will climb back to this approximate level over the course of the remaining year. This decline results from the decrease in revenue, the seasonally typical reduction in cash and the consolidated net loss for the period. At 31 March 2016, cash and cash equivalents amounted to EUR 21.1 million as compared to EUR 40.9 million at the same date of the previous year. Outlook for 2016 remains positive Adler Modemärkte AG’s full quarterly report is now available for inspection or download from the Company’s homepage at http://www.adlermode-unternehmen.com/investor-relations/berichte-publikationen/quartalsberichte/ ADLER Group’s key performance indicators
Adler Modemärkte AG, headquartered in Haibach near Aschaffenburg, Germany, is one of Germany’s largest and most important textile retailers. In 2015, the Group generated revenue of EUR 566.1 million with a workforce of around 4,200, generating EUR 33.3 million in EBITDA. ADLER currently operates 178 stores, 153 of which are located in Germany, 21 in Austria, two in Luxembourg, one in Switzerland, plus an online shop. The Company focuses on large-space concepts offering in excess of 1,400 m2 of retail space. With its many own brands and select external brands, ADLER offers a highly diverse product range. Thanks to more than 60 years of tradition and strong customer loyalty, ADLER considers itself to be the market leader within its target group of affluent customers aged 45 and over. For more information: www.adlermode-unternehmen.com; www.adlermode.com
2016-05-03 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English | |
Company: | Adler Modemärkte AG | |
Industriestraße Ost 1-7 | ||
63808 Haibach | ||
Germany | ||
Phone: | +49 (0) 6021 633 0 | |
Fax: | +49 (0) 6021 633 1299 | |
E-mail: | info@adler.de | |
Internet: | www.adlermode.com | |
ISIN: | DE000A1H8MU2 | |
WKN: | A1H8MU | |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart | |
End of News | DGAP News Service |