ESCADA AG

euro adhoc: ESCADA AG
Financial Figures/Balance Sheet
ESCADA raises operative Group profit for 2005/2006 by around 14 % and continues positive development

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20.12.2006

Aschheim, December 20, 2006 - ESCADA AG fully achieved its sales target for fiscal 2005/2006 (reporting date: October 31) and managed to exceed expectations for operative earnings.  According to preliminary figures, the women’s luxury fashion manufacturer records Group sales of 695.2 million Euro, a plus of 7.2% on last year (648.6 million Euro). Forecasted growth had been in the mid single-digit percentage range.

Group earnings before interest, taxes, depreciations and amortizations (EBITDA) grew by 13.8 % to 74.1 million Euro (2004/2005: 65.1 million Euro), and thus surpassed the expected growth of around 10% in EBITDA. The cost ratio (counted as the share of personnel expenses and other operating expenses of sales) was cut from 57.4 % to 55.6 %. Profit after taxes and minority interests came to 6.9 million Euro. The difference against last year’s result of 13.7 million Euro is solely the result of one-time valuation adjustments in the balance sheet that were made primarily for inventories and deferred taxes in the second quarter.

ESCADA Group’s equity ratio per reporting date, October 31, 2006 stands at 25.7% (vs. last year: 23.0%). In line with company strategy, inventories were cut from last year’s level of 125.5 million Euro to 102.5 million Euro, as of reporting date. At the end of October 2006, net debt stood at 188.1 million Euro, which is 19.6 million Euro below the figure recorded at the closing date of fiscal year 2004/2005 (207.7 million Euro).

The Board of Management’s outlook for the current fiscal year 2006/2007 is optimistic. On the basis of the measures undertaken over the last few months to increase efficiency, further develop the ESCADA brand and improve development of markets the Board of Management reckons with Group sales continuing to expand, with EBITDA once again expected to grow stronger than sales.

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ots Originaltext: ESCADA AG
Im Internet recherchierbar: http://www.presseportal.ch

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, CDAX, Classic All Share, Prime All Share
Börsen:  Frankfurter Wertpapierbörse / official dealing/prime standard
              Börse Berlin-Bremen / free trade
              Hamburger Wertpapierbörse / free trade
              Baden-Württembergische Wertpapierbörse / free trade
              Börse Düsseldorf / free trade
              Bayerische Börse / official dealing



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