Maximize your media exposure with our single PR package
Adler Modemarkte revenue slips to €239 mn in Q3 FY20
28 Dec 20 1 min read
Adler Modemarkte, a textile retail chain in Germany, has reported 32.4 per cent revenue decline to €238.9 million in its third quarter (Q3) YoY FY20 ended on September 30, 2020 compared to revenue of €353.6 million in same period previous year. Company incurred a loss from operations during the nine months period of €70.7 million (Q3 FY19: €13.3 million).
EBITDA during Q3 FY20 reported a loss of €19.2 million compared to earnings of €33.3 million in same period previous year.
The cost of materials fell to €126.9 million (€165.5 million). While, personnel expenses for nine months slipped to €59.1 million (€74.5 million) primarily due to implementation of short-time working hours.
“Since the end of October, Adler has again been faced with severe disruptions due to the tougher restrictions imposed in Germany, Austria, Luxembourg and Switzerland in response to the pandemic,” Adler Modemarkte stated in its report.
Fibre2Fashion News Desk (JL)
Popular News
|
US garment prices surge in March to highest in over a year: Cotton Inc |
|
Rising imports from China: A growing concern for Indian industries |
|
Cotton yarn market bearish in north India; prices down in Ludhiana |
|
Drewry's World Container Index up 16%, Red Sea crisis raises freight |
|
MS & JK to showcase pigment printing tech at ITM Istanbul |
|
US cotton exports see notable increase over last week: USDA |