Fashion house ESCADA AG completes the fiscal year 2004/2005 (closing date: October 31st) fully on target with its forecast and a significant improvement in profitability.
ESCADA records significant rise in profits for 2004/2005 - Successful business year – forecasts comprehensively fulfilled - Group sales up by 3.7 percent - ESCADA brand sales up by 5.8 percent - EBITDA grows by 37.6 percent to 65.1 million Euro - Profit after tax up by 9.5 million Euro to 14.0 million Euro - Capacity to pay out dividends regained - Further growth and over-proportional profitability improvements expected for current fiscal year - Wolfgang Ley: “ESCADA is now in a phase of sustained and profitable growth”
Sales performance at ESCADA Group - According to preliminary figures the Group's sales rose from 625.5 million Euro to 648.6 million Euro. They were up by 3.7 percent in the fiscal year 2004/2005 (closing date October 31st 2005) despite a persistently sluggish market environment for ladies luxury fashion. - Currency adjusted the Group's growth rate was 4.3 percent. - Sales for the ESCADA brand (ESCADA Collection, ESCADA Sport and ESCADA Accessories & Licenses) increased from 412.7 million Euro in 2003/2004 to 436.5 million Euro, up by 5.8 percent. Growth drivers were once again the segments ESCADA Collection and ESCADA Sport.
- The PRIMERA-Group (with the labels: apriori, BiBA, cavita, Laurèl) recorded a plus in sales of 2.8 percent from 205.8 million Euro up to 211.5 million Euro. With the integration of the Laurèl-subsidiaries in Japan and China into ESCADA, the adjusted growth rate topped 5.7 percent. Key contributors were the ongoing expansion of apriori and BiBA.