euro adhoc: ESCADA AG
Quarterly or Semiannual Financial Statements / ESCADA earnings up again in Q1 - Bond issue planned

--------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. --------------------------------------------------------------------- 03.03.2005 Aschheim/Munich, March 3, 2005 - ESCADA AG’s positive performance from the past fiscal year has carried on into the first quarter of 2004/2005. Consolidated revenues for the maker of women’s luxury fashions climbed 8.1 % in the first three months, to EUR 160.1 million (Q1 of prior year: EUR 148.1 million). After adjustment for changes in foreign-exchange rates, growth was 10.3 %. ESCADA brand revenues were up 9.7 %, from EUR 100.2 million to EUR 109.9 million. Consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) grew 46.4 % to EUR 20.5 million, as against EUR 14.0 million for the comparable quarter last year. Consolidated profit after taxes and minority interests nearly doubled to EUR 5.9 million for the first quarter, compared to EUR 3.1 million for Q1 of last fiscal year. For fiscal 2004/2005 as a whole, management continues to expect that Group revenues in euros will grow, EBITDA will increase significantly and there will be a disproportionate improvement in consolidated profit after taxes. To safeguard the ESCADA Group’s long-term financing base, management is planning a bond issue for a projected total of EUR 175 million. The exact timing of the bond issue will depend on the market conditions, and will be announced at a later date together with the other relevant details. The bond is intended to replace existing bank debt and help improve the Group’s capital structure in the long run. These materials are not an offer for sales of the Securities in the United States. The Securities may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. ESCADA AG does not intend to register any portion of the offering in the United States or to conduct a public offering of Securities in the United States. Not for distribution in the United States. Diese Unterlagen sind kein Angebot zum Kauf von Wertpapieren in den Vereinigten Staaten von Amerika. Wertpapiere dürfen in den Vereinigten Staaten nur mit vorheriger Registrierung oder ohne vorherige Registrierung nur aufgrund einer Ausnahmeregelung verkauft oder zum Kauf angeboten werden. ESCADA AG hat nicht die Absicht, das Angebot oder einen Teil davon in den Vereinigten Staaten zu registrieren oder ein öffentliches Angebot von Wertpapieren in den Vereinigten Staaten durchzuführen. Nicht zur Weitergabe in die Vereinigten Staaten. end of announcement euro adhoc 03.03.2005 07:15:00 --------------------------------------------------------------------- Further inquiry note: Viona Brandt Tel.: +49 (0)89 9944 1336 E-Mail: Branche: Clothing ISIN: DE0005692107 WKN: 569210 Index: SDAX, Prime Standard, CDAX, Classic All Share, Prime All Share Börsen: Hamburger Wertpapierbörse / free trade Baden-Württembergische Wertpapierbörse / free trade Börse Düsseldorf / free trade Frankfurter Wertpapierbörse / official dealing Bayerische Börse / official dealing

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