Home / Knowledge / News / Apparel/Garments / Weak sales weigh on Ahlers FY 2012-13 profits
Weak sales weigh on Ahlers FY 2012-13 profits
01
Feb '14
In the backdrop of a weak economic scenario in Europe, German menswear fashion company Ahelrs AG has posted lower-than-expected preliminary unaudited sales and profit numbers for full year 2012-13.
 
The company, which is one of the largest publicly traded manufacturers dedicated to men's fashion in Europe, reported a 2.6 per cent dip in sales revenue at 246.7 million euro in the 12 months ended 30 November 2013 from 253.2 million euro in the year ago.
 
While a shift in sales transactions to December 2013 and one-time expenses hit the company's bottom-line last fiscal, weak demand from neighboring European countries may also be attributed to subdued sales revenue.
 
Record high joblessness, stalled economic growth, fiscal constraints and tight credit markets have crimped consumer spending in many Eurozone countries, weighing heavily on the region's apparel industry.
 
However, strong domestic consumption in its home market, Germany, which is seeing acceleration in economic momentum, may continue to support the sales outlook of Ahelrs AG, going forward.
 
The company, which operates in three segments including Premium Brands, Jeans and Workwear, and Men's and Sportswear, has posted a consolidated net income of 5.6 million euro in the full year 2012-13, which is well below expectations, and lower than the 7.3 million euro it had reported in the previous year.
 
Looking ahead, the company has expressed a much more positive outlook for this fiscal with an expected improvement in sales performance amid a slightly brighter economic outlook in key European markets.
 

Fibre2fashion News Desk - India


Must ReadView All

Apparel/Garments | On 4th May 2016

Ahead of FTA talks with China, Lanka worried about TPP

Even as Sri Lanka prepares for the third round of talks for a Free...

Textiles | On 4th May 2016

IMF predicts Asian growth to remain strong

The International Monetary Fund (IMF) expects growth in Asia and the...

Courtesy: GMAC Cambodia

Apparel/Garments | On 4th May 2016

Cambodia’s garment exports rise 13% in Q1

Garment and footwear exports from the Southeast Asian nation of...

Interviews View All

Shakil Ahmed
Colorlines Clothing India Private Limited

How do companies into supply chain financing obtain their funds?

Claudia Kersten
Global Organic Textile Standard

What benefits can MSMEs have from GOTS certification? What is the...

Mr. H S Singha
ABH Biochem Pvt. Ltd.

What is the importance of textile chemicals in the textile industry?...

Silke Brand-Kirsch
Schlegel und Partner

<b><i>Silke Brand-Kirsch, executive partner of Schlegel und Partner, a...

Mr. Johann Philipp Oskar Dilo
DILO Group of companies

Mr. Johann Philipp Oskar Dilo is a post graduate in Mechanical Engineering ...

Dr. Razvan Popescu
Bozzetto Group

Dr. Razvan Popescu is the Business Unit Head of the Textile Chemicals...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
April 2016

F2F Magazine

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


<%@ language="VBScript" %>
feedback
We would love to hear from you about your experience using the new interface. A quick review of yours would help us give you a better experience.
Advanced Search