German fashion manufacturer Ahlers' H1 FY21 sales fall 16% to €59 mn

Ahlers AG, a Germany-based manufacturer of men’s and women’s fashion products, has reported 16.1 per cent revenue decline to €59.3 million in its first half (H1) of FY21 ended on May 31, 2021, compared to the revenue of €70.7 million in corresponding period of prior fiscal. The company’s net loss for H1 FY21 reduced to €4.1 million (H1 FY20: €9.4 million).

 

Ahlers AG, a Germany-based manufacturer of men's and women's fashion products, has reported 16.1 per cent revenue decline to €59.3 million in its first half (H1) of FY21 ended on May 31, 2021, compared to the revenue of €70.7 million in corresponding period of prior fiscal. The company's net loss for H1 FY21 reduced to €4.1 million (H1 FY20: €9.4 million).#

“Large parts of the pre-ordered merchandise could be delivered at the beginning of the second quarter, providing positive catch-up effects after the Europe-wide lockdown in winter 2020/21. The current fiscal year 2020/21 will nevertheless be strongly influenced by Covid-19,” Dr Stella Ahlers, CEO at Ahlers, said in a press release.

 

Ahlers AG, a Germany-based manufacturer of men's and women's fashion products, has reported 16.1 per cent revenue decline to €59.3 million in its first half (H1) of FY21 ended on May 31, 2021, compared to the revenue of €70.7 million in corresponding period of prior fiscal. The company's net loss for H1 FY21 reduced to €4.1 million (H1 FY20: €9.4 million).#

Ahlers' gross profit for H1 FY21 was €26.3 million (€33.8 million), whereas EBITA was a loss making of €8.8 million (€3.9 million). However, the company’s e-commerce sales for the six-month period grew 56 per cent contributing 14.4 per cent to total sales.

 

Ahlers AG, a Germany-based manufacturer of men's and women's fashion products, has reported 16.1 per cent revenue decline to €59.3 million in its first half (H1) of FY21 ended on May 31, 2021, compared to the revenue of €70.7 million in corresponding period of prior fiscal. The company's net loss for H1 FY21 reduced to €4.1 million (H1 FY20: €9.4 million).#

The Baldessarini premium brand’s revenue slightly increased due to the aggressive sale of old merchandise, while Otto Kern achieved mid-double-digit percentage revenue growth. On the contrary, Pierre Cardin’s revenue dropped sharply in the first half of FY21 due to the Covid-19 pandemic. Total revenue of the three premium brands Baldessarini, Pierre Cardin and Otto Kern declined 14.2 per cent €42.2 million (€49.2 million).

 

Ahlers AG, a Germany-based manufacturer of men's and women's fashion products, has reported 16.1 per cent revenue decline to €59.3 million in its first half (H1) of FY21 ended on May 31, 2021, compared to the revenue of €70.7 million in corresponding period of prior fiscal. The company's net loss for H1 FY21 reduced to €4.1 million (H1 FY20: €9.4 million).#

Last year, the company's sales of mouth-nose masks had supported Pionier Workwear’s Q2 revenue, which did not recur in the reporting period. Hence sales of Jeans & Workwear segment fell 20.5 per cent to €17.1 million (€21.5 million).

 

Ahlers AG, a Germany-based manufacturer of men's and women's fashion products, has reported 16.1 per cent revenue decline to €59.3 million in its first half (H1) of FY21 ended on May 31, 2021, compared to the revenue of €70.7 million in corresponding period of prior fiscal. The company's net loss for H1 FY21 reduced to €4.1 million (H1 FY20: €9.4 million).#

Revenue in Germany dipped 23.1 per cent during H1 FY21 to €30.8 million (€40.1 million). In Western Europe, revenue declined 8.1 per cent to €17.6 million (€19.1 million). The company added that clothing stores in Russia remained open throughout subject to certain conditions. Also in Poland, which is an important market for Ahlers, brick-and-mortar stores were allowed to open for comparatively longer periods, leading to catch-up effects, especially in May 2021. As a result, sales revenue in Eastern Europe/Other declined by 4.9 per cent to €10.9 million (€11.5 million).

 

Ahlers AG, a Germany-based manufacturer of men's and women's fashion products, has reported 16.1 per cent revenue decline to €59.3 million in its first half (H1) of FY21 ended on May 31, 2021, compared to the revenue of €70.7 million in corresponding period of prior fiscal. The company's net loss for H1 FY21 reduced to €4.1 million (H1 FY20: €9.4 million).#

“The course of the Covid-19 pandemic (third wave) led to more extensive and longer-lasting Europe-wide containment measures than originally assumed. The lockdown-related revenue shortfall of the first six months of 2020/21 is unlikely to be largely offset in the second half of the fiscal year as previously projected,” Ahlers added in the release.