Goldrooster AG
Goldrooster AG announces substantial revenue and earnings growth for 2013
Goldrooster AG / Key word(s): Final Results 30.09.2014 16:02 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Goldrooster AG announces substantial revenue and earnings growth for 2013 - Revenue based on as yet unaudited figures increased by 25 percent to EUR 188.3 million - EBIT up 29 percent to EUR 39.1 million - At EUR 29.3 million, net profit was also up 29 percent year-on-year - Further growth anticipated for 2014 - Changes in the management Berlin, 30 September 2014 - As announced previously in April 2014, Goldrooster AG (ISIN DE000A0AYYU6), the German holding company of Goldrooster Group, an operator of an innovative sports fashion brand specialising in apparel, footwear and accessories for the Chinese market, achieved significant growth in 2013. Revenue in the past financial year based on as yet unaudited figures increased by 25 percent to EUR 188.3 million. In terms of earnings, the company achieved even more growth: At EUR 39.1 million, earnings before interest and taxes (EBIT) were up 29 percent year-on-year. Earnings before taxes and net profit also grew by 29 percent each compared to the previous year. Earnings before taxes were EUR 39.3 million in 2013, and earnings after taxes stood at EUR 29.3 million. Goldrooster has a solid financial footing and had cash and cash equivalents of around EUR 58.0 million at the end of 2013 (previous year: EUR 50.9 million). Equity rose from EUR 60.0 million to EUR 87.4 million. This corresponds to an equity ratio of 82.3 percent at the end of 2013, compared with 74.2 percent at the end of 2012. In 2013, the Goldrooster Group once again considerably stepped up its marketing and sales activities. Its sales network was expanded by 149 retail outlets as at the end of 2013 and now comprises 1,666 shops. Goldrooster continued to sponsor prestigious sport events in China to further sharpen the profile of its brand and increase brand recognition. In terms of the full 2014 financial year, Goldrooster is confident that it will be able to continue its positive business performance and it anticipates further growth. The full, audited annual financial statements for the 2013 financial year are expected to be published in the fourth quarter of 2014. Goldrooster also announces that Vincent Lim has resigned from his position of Chief Financial Officer (CFO) with immediate effect and is leaving the company on completely amicable terms to devote himself to new challenges. The Management Board and the Supervisory Board of Goldrooster AG would like to thank Vincent Lim for his commitment and wish him all the best for the future. Goldrooster will announce the appointment of a new CFO at the appropriate time. About Goldrooster Goldrooster Group runs an innovative sports fashion label, specialising in apparel, footwear and accessories for the Chinese market. With the goal of delivering high quality products at attractive prices, it targets China's young and ambitious middle class ranging in age from 18 to 35. The company has been on a profitable growth path for years. Contact: edicto GmbH Dr. Sönke Knop / Peggy Kropmanns Eschersheimer Landstrasse 42 60322 Frankfurt, Germany Phone: +49 (0)69 905505 51 E-mail: goldrooster@edicto.de Disclaimer This publication constitutes neither an offer to sell nor a solicitation to buy securities of Goldrooster AG. The shares have been offered solely by means of, and on the basis of, the published securities prospectus. The securities prospectus is available on the Company's website (www.goldrooster.de). This document is not an offer of securities for sale or a solicitation of an offer to buy securities in the United States. The shares of Goldrooster AG ('Shares') have not been registered under the U.S. Securities Act of 1933, as amended ('Securities Act') and may not be offered or sold in the United States, unless registered under the Securities Act or according to an exemption from such registration. There will not be any public offering of the Shares in the United States and the Shares will not be registered under the Securities Act. This document is only aimed at and is only distributed to (i) individuals outside the United Kingdom, or (ii) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 ('Order') or (iii) high net worth entities, and other individuals to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (together referred to as 'relevant persons'). The Shares are only available to, and any invitation, offer or agreement to subscribe, buy or otherwise acquire such securities will be engaged in only with, relevant persons. Any individual who is not a relevant person should not act or rely on this document or any of its contents. 30.09.2014 The DGAP 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: Goldrooster AG c/o Salans LLP, Markgrafenstraße 33 10117 Berlin Germany Phone: +49 (0)30 695 29 234 Fax: +86 595-85350888 E-mail: goldrooster@edicto.de Internet: www.goldrooster.de ISIN: DE000A0AYYU6 WKN: A0AYYU Listed: Freiverkehr in Berlin, Düsseldorf; Frankfurt in Open Market (Entry Standard) End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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