Adler Modemärkte AG
Adler Modemärkte AG: Earnings Exceed Own Forecasts, in Part Significantly
DGAP-News: Adler Modemärkte AG
/ Key word(s): Preliminary Results
Press Release from Adler Modemärkte AG Earnings Exceed Own Forecasts, in Part Significantly Liquidity reaches record high ADLER thus has a very sound financial foundation, enabling it to finance ongoing and planned initiatives to boost future growth and sustainably increase profitability on its own. In 2020, the Company will focus on profitable locations as it systematically continues to optimise its network of stores. In 2019, the Company closed a total of eight locations and opened two new stores in Austria. Furthermore, the Company obtained significantly better lease terms and conditions at certain locations by successfully renegotiating the lease agreements. “We made significant headway in improving our profitability in 2019 and even surpassed our own forecasts. The very good liquidity and our free cash flow are unmatched in the industry. We are therefore confident that we will continue to hold our own in 2020 despite the persistently difficult environment”, said Thomas Freude, CEO of Adler Modemärkte AG, describing the development. ADLER will publish its annual report for 2019 and the outlook for 2020 on 12 March 2020.
About Adler Modemärkte AG:
Contact: Adler Modemärkte AG Investor Relations Peter Dietz Tel.: +49 6021 633 1828 Email: investorrelations@adler.de
04.02.2020 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, Tradegate Exchange |
EQS News ID: | 967205 |
End of News | DGAP News Service |