Adler Modemärkte AG
Adler Modemärkte AG: Earnings forecast exceeded significantly
Adler Modemärkte AG / Key word(s): Final Results 02-Feb-2017 / 07:30 CET/CEST Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Efficiency- and cost saving programmes bear fruits: Earnings forecast exceeded significantly Sales decrease as expected Haibach (near Aschaffenburg), 2 February 2017. Adler Modemärkte AG was able to exceed the forecast for the full financial year 2016 made in November 2016. According to preliminary figures, earnings before interests, taxes, depreciation and amortisation (EBITDA) amounted to more than EUR 22.5 million, thus exceeding the advised range of EUR 14 to 17 million significantly. Revenue went down 3.8% to EUR 544.6 million as expected (2015: EUR 556.1 million). On a like-for-like basis, the decline is 4.6% as against the last year. ADLER reacted to the overall decline in revenues faced by textile retailers by implementing cost savings- and efficiency programmes. The effects of which were already being felt and will result in additional cost savings in 2017. A guidance for the current financial year will be published together with the Annual Report 2016 on 16 March 2017. --------------------------------------------------------------------------- 02-Feb-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- 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 End of Announcement DGAP News Service
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