ESCADA AG

euro adhoc: ESCADA AG
Quarterly or Semiannual Financial Statements / ESCADA profits rise significantly in H1 2004-05

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30.05.2005

Aschheim/Munich, May 30, 2005 - On consolidated revenues that were up slightly against the comparable period, ESCADA AG significantly improved its profits during the first half of the 2004-05 fiscal year (year end: Oct. 31). For the first six months of the year, the maker of women’s luxury fashions generated consolidated sales of EUR 312.6 million, a 2.1 percent increase against the first half of 2003-04 (EUR 306.0 million). Despite still-weak markets, ESCADA brand revenues were up 4.4 percent, to EUR 208.1 million. Consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) grew 34.4 percent, from EUR 25.0 million to EUR 33.6 million. Profits after taxes and minority interests were up from EUR 2.6 million to EUR 6.8 million.

Performance in the second quarter, which is usually weaker because of the normal seasonal course of ESCADA’s business, was largely consistent with expectations. Consolidated revenues, at EUR 152.5 million, were down 3.4 percent from the comparable quarter’s EUR 157.9 million (ESCADA brand: down 0.9 percent, from EUR 99.1 million to EUR 98.2 million). But here account must also be taken of shifts in revenues to the first quarter, when shipments were larger. The second-quarter EBITDA rose from EUR 11.0 million to EUR 13.1 million, and the profit after taxes and minority interests came to EUR 0.9 million (Q2 2003-04: EUR -0.5 million).

For fiscal 2004-05 as a whole, management continues to expect that Group revenues in euros will grow slightly, EBITDA will increase at least EUR 10 million, and the Group’s after-tax profit will increase more than proportionately.

end of announcement                                euro adhoc 30.05.2005 07:00:00
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Further inquiry note: Viona Brandt Tel.: +49 (0)89 9944 1336 E-Mail: viona.brandt@de.escada.com

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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