Ahlers AG, a Germany-based manufacturer of men’s fashion, has reported 58 per cent decline in its revenues to €19.5 million in second quarter (Q2) FY20, ended on May 31, 2020 compared to revenues of €46.3 million in same period last year. For the six month period (H1), revenues fell 33 per cent to €70.7 million (H1 FY19: €105.3 million).
Ahlers AG, a Germany-based manufacturer of men's fashion, has reported 58 per cent decline in its revenues to €19.5 million in second quarter (Q2) FY20, ended on May 31, 2020 compared to revenues of €46.3 million in same period last year. For the six month period (H1), revenues fell 33 per cent to €70.7 million (H1 FY19: €105.3 million). #
Consolidated net loss for H1 were €9.4 million (€1.7 million). Gross profit in the first half fell 34 per cent to €33.8 million (€51.3 million).
Ahlers AG, a Germany-based manufacturer of men's fashion, has reported 58 per cent decline in its revenues to €19.5 million in second quarter (Q2) FY20, ended on May 31, 2020 compared to revenues of €46.3 million in same period last year. For the six month period (H1), revenues fell 33 per cent to €70.7 million (H1 FY19: €105.3 million). #
However, company’s own online shops developed positively and recorded increasing revenues in April and May 2020. Marketplace sales also picked up again in the course of May. Total like-for-like sales revenues of the own retail segment declined 37 per cent due to the lockdown. Own retail revenues thus accounted for 13.8 per cent of total revenues.
Ahlers AG, a Germany-based manufacturer of men's fashion, has reported 58 per cent decline in its revenues to €19.5 million in second quarter (Q2) FY20, ended on May 31, 2020 compared to revenues of €46.3 million in same period last year. For the six month period (H1), revenues fell 33 per cent to €70.7 million (H1 FY19: €105.3 million). #
Ahlers further stated that in the full fiscal year 2020, the revenue trend should be negative around 25 per cent to 33 per cent, provided that no new lockdown will be imposed.
Fibre2Fashion News Desk (JL)
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