HairGroup AG
Essanelle Hair Group: Results for the first nine months of 2010
ESSANELLE HAIR GROUP AG / Key word(s): Quarter Results/Forecast 19.11.2010 08:50 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Essanelle Hair Group: Results for the first nine months of 2010 Sales revenue of EUR 94.0 million, compared to EUR 95.5 million in the previous year Expected earnings before tax for the whole year between EUR 4.5 and 5.0 million Düsseldorf, 19. November 2010. Essanelle Hair Group AG generated sales revenues of EUR 94 million in the first nine months of the 2010 financial year, which is 1.6 per cent below the EUR 95.5 million reported in the previous year. The lower figures are still due to the moderate performance of the retail sector, as well as the continually weak department store environment. Of the individual salon concepts, HairExpress achieved the biggest growth with an increase of 11.1 per cent to EUR 26.3 million (previous year EUR 23.7 million). Super Cut recorded a slight increase of 2.8 per cent in comparison to the corresponding period in the previous year, from EUR 15.2 to 15.6 million. The essanelle Ihr Friseur concept, that registered 13 salon closures in comparison to the previous year, recorded sales of EUR 43.3 million, compared to last year's EUR 47.7 million (-9.2 per cent). The TOP TEN brand had a turnover of EUR 3.8 million, after EUR 4.0 million last year. The Beauty Hair Shops, that specialise in exclusive hair care products, generated sales of EUR 4.9 million, on par with last year's figures. As expected, the trend in sales also affected the profitability of the Essanelle Hair Group AG. Earnings before interest, taxes, depreciation and amortisation (EBITDA) fell from EUR 7.2 to 5.9 million year-on-year. Earnings before taxes (EBT) for the first nine months of 2010 were EUR 1.8 million, compared to EUR 2.9 million in the previous year. Earnings per share were registered at EUR 0.24, from EUR 0.37 in the previous year. In light of earlier developments, Essanelle Hair Group expects end-of-year sales for 2010 to be between EUR 127 and 128 million. The company anticipates earnings before tax in the range of EUR 4.5 and 5 million. For further details about the first nine months of 2010, please refer to the Quarterly Report 3/2010, which can be found on the company's website www.essanelle-hair-group.com. 19.11.2010 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: ESSANELLE HAIR GROUP AG Himmelgeister Straße 103-105 40225 Düsseldorf Deutschland Phone: +49 (0)2156-4965-195 Fax: +49 (0)89-21027-598 E-mail: investor@essanelle-hair-group.com Internet: www.essanelle.de ISIN: DE0006610314 WKN: 661031 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Hamburg, München, Berlin, Düsseldorf, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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