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Ahlers reports good start to new financial year
12
Apr '12
In the first quarter of 2011/12, the Ahlers Group increased its sales revenues by 5.9 percent to EUR 70.5 million (previous year: EUR 66.6 million) thanks to strong growth in the Premium segment. The contribution made by the Premium segment rose by 10.3 percent from EUR 39.0 million in the prior year period to EUR 43.0 million.

The Premium segment now accounts for 61 percent (previous year: 58 percent) of total sales. All Premium brands, Baldessarini, Pierre Cardin and Otto Kern, achieved strong growth. Sales revenues also picked up in the Jeans & Workwear segment, namely by 3.0 percent. The Men's & Sportswear segment reported a EUR 0.6 million decline in sales revenues, which was primarily due to the non-recurrence of revenues from the Jupiter Shirts business, which was spun off into a joint venture in 2010.

Sales revenues in the company's Retail segment increased by an impressive 19 percent. The Retail segment now accounts for 8.7 percent of total sales revenues, up from 7.7 percent.

The income statement for the first quarter of 2011/12 shows similar growth rates in earnings as in sales revenues. EBIT before special effects increased at the same rate as revenues, namely by 5.9 percent, and totalled EUR 7.2 million in the first quarter (previous year: EUR 6.8 million). The EBIT margin remained unchanged at 10.2 percent (previous year: 10.2 percent). After special effects, unchanged financial result and tax expenses, Ahlers generated consolidated net income after taxes of EUR 4.8 million, up 4.3 percent on the same period of the previous year (EUR 4.6 million).

CEO Dr. Stella A. Ahlers commented on the company's performance “The success story of our Premium brands, Baldessarini, Pierre Cardin and Otto Kern, continues. We have won the first top customers for our Pierre Cardin ladieswear collection, and Baldessarini reported solid growth thanks to good retail sales.”

The CEO is carefully optimistic about the current financial year 2011/12, for which she projects moderate sales and earnings growth. This will be driven by the company's own Retail activities as well as by new shop-in-shops in specialist retail stores.

Ahlers AG is a leading listed manufacturer of men's fashion in Europe. This innovative and well-capitalised company looks about on almost ninety years of swift and flexible adjustment to the requirements of the times and the markets.

Ahlers AG

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