ESCADA targets for fiscal year 2007/2008 adjusted downwards

30 Jun '08

4 min read

- The Group earnings before taxes (EBT) came to -1.7 million Euro, following 18.9 million Euro for the first half year of last year.
- The Group result after taxes and minority interests came to -8.2 million Euro, after having stood at 9.3 million Euro in the same period of last year.

Balance sheet figures per April 30, 2008- Group equity (not including minority interests) at the end of the second quarter came to 78.7 million Euro, some 2.6 million Euro less than the value recorded at the end of fiscal year 2006/2007. The economic equity ratio (not including minority interests but including the convertible bond 2003/2013 with the fixed conversion rate) came to 19.0% after a ratio of 19.5% as of October 31, 2007.
- As a result of lower liquidity and higher financial liabilities the net debt of the ESCADA Group (interest-bearing debt less liquid assets, and not including outstanding non-interest-bearing convertible bonds) increased from 174.6 million Euro per April 30, 2007 to 194.8 million Euro per April 30, 2008.

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