ESCADA AG

euro adhoc: ESCADA AG
quarterly or semiannual financial statement
ESCADA´s business performance after nine months very moderate-outlook adjusted

-------------------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. -------------------------------------------------------------------------------- 9-month report 27.09.2007 Munich, September 27, 2007 - The ESCADA Group continued its moderate performance during the first nine months of fiscal year 2006/2007 (reporting date: October 31). Sales and operative earnings were higher than last year´s level, while the profit after taxes was affected by the operative and fiscal one-time expenses announced after the second quarter. Group revenues for the women´s luxury fashion manufacturer were up by 2.3%, climbing from the 490.0 million Euro recorded for the first nine months of last year to 501.3 million Euro for the current period under review (currency adjusted: + 4.7%) At 53.1 million Euro, consolidated operative earnings before interest, taxes, depreciations and amortizations (EBITDA) grew by 5.0% against the first nine months of last year (50.5 million Euro). Earnings after taxes and minority interests came to -4.1 million Euro (first nine months 2005/2006: -1.5 million Euro). Of the 35 million Euro in one-time expenses, announced after the second quarter, 6.7 million Euro have already been allocated in the third quarter for structural optimizations. In addition another 11.6 million Euro, of a total of 14 million Euro for the new valuation of capitalized deferred taxes, have been booked in the wake of the German corporate tax reform. The Group recorded sales of 157.0 million Euro for the third quarter of 2006/2007 (Q3 2005/2006: 157.9 million Euro; -0.6%). EBITDA improved by 14.0% to 15.5 million Euro (Q3 2005/2006: 13.6 million Euro). The Group´s net debt as of July 31, 2007 continued to fall to 179.4 million Euro, following a total of 207.1 million Euro on the same reporting date of last year (-13.4%). Year-on-year comparison per reporting date shows inventories cut by 18.7% from last year´s 135.7 million Euro to 110.3 million Euro. The Board of Management adjusts its previous outlook for fiscal year 2006/2007. Consolidated sales and EBITDA are expected to close out slightly below last years figures of 695.2 million Euro and 74.1 million Euro respectively. These adjustments take into account the very weak start of the Fall/Winter 2007 collection and the corresponding level of retail sales in August and September. Allowing for expenses for structural optimization (totaling approx. 35 million Euro) and the write-downs for the new valuation of capitalized deferred taxes (totaling approx. 14 million Euro), the fiscal year 2006/2007 is likely to generate a loss after taxes of around -25 million Euro, already announced with the half year report. end of announcement euro adhoc 27.09.2007 06:57:49 -------------------------------------------------------------------------------- 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: Börse Frankfurt / official dealing/prime standard Börse Berlin / free trade Börse Hamburg / free trade Börse Stuttgart / free trade Börse Düsseldorf / free trade Börse München / official dealing

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