Ahlers AG

Ahlers AG: Revenues, earnings and cash flow performance in H1 2018/19 according to plan. Earnings before income tax down by EUR 1.2 million primarily because of prior-year extraordinary income. Full-year forecast confirmed.

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.

Ahlers AG: Supervisory Board Chairman initiates generation change at the helm of the controlling body and suggests to downsize it

Supervisory Board and Management Board adopt comprehensive set of measures to sustainably improve results in the medium term. One-time effects of approx. EUR 5 million expected in 2017/18 annual financial statements. Probably no dividend for FY 2017/18.

Unexpected decline in revenues also in Q2 2017/18. Total first-half sales down by 5.5 percent on the previous year. EBITDA fell from EUR 4.2 to EUR 2.7 million (-36 percent). Management Board downgrades revenue and earnings forecast for full year 2017/18

Decline in revenues and earnings due to shift of revenues into Q2 2018 and declining own retail sales. Q1-Sales 2017/18 down by EUR 2.4 mill. and consolidated earnings by EUR 0.9 mill. Forecast 2017/18 unchanged: revenues and earnings expected to pick up.