Ahlers AG: Sales revenues decline in third quarter due to shift from fixed to consignment business and later delivery of the autumn/winter merchandise. Forecast of largely stable revenues and slightly higher earnings confirmed for full year 20
Ad-hoc announcement pursuant to Article 17 MAR
Ahlers AG, Herford
ISIN DE0005009708 and ISIN DE0005009732
Sales revenues decline in third quarter due to shift from fixed to consignment business and later delivery of the autumn/winter merchandise. Forecast of largely stable revenues and slightly higher earnings confirmed for full year 2016/17. Just like in the first quarter of the current fiscal year, the increasing shift from fixed business to consignment business and the later delivery of the season's merchandise led to a drop in third-quarter revenues, which should be offset in the fourth quarter of 2017. At the nine-month stage, sales revenues of the continued brands were stable in spite of the shifts. Due to the discontinuation of the Gin Tonic- and Private Label-Business total revenues declined by 2.6 percent from previous year's EUR 184.5 million to EUR 179.7 million.
More than half of this shortfall in revenues had been offset already in the first three weeks of September. Due to the shift in revenues, earnings also remained below the prior year level at the nine-month stage. Earnings before interest and taxes (EBIT) declined by 23 percent to EUR 6.7 million, while earnings after taxes were down by 20 percent to EUR 4.1 million.
The Management Board has confirmed the forecast for the full fiscal year 2016/17. Continued operations should grow by about 2 percent, with total revenues projected to remain more or less stable. Consolidated earnings after taxes are expected to be slightly higher than in the previous year (2015/16: EUR 2.5 million).
All figures are preliminary. The final figures for the third quarter of 2016/17 will be published on October 11, 2017.
Herford, September 25, 2017
The Management Board
Ahlers AG Elverdisser Str. 313 32052 HerfordContact: Michael Zielke Investor Relations Manager
25-Sep-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.deLanguage: English Company: Ahlers AG Elverdisser Straße 313 32052 Herford
Germany Phone: +49 (0)5221 979-0 Fax: +49 (0)5221 70058 E-mail: email@example.com Internet: www.ahlers-ag.com ISIN: DE0005009708, DE0005009732 WKN: 500970, 500973 Listed: Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Stuttgart End of Announcement DGAP News Service
612635 25-Sep-2017 CET/CEST