ESCADA AG

euro adhoc: ESCADA AG
Financial Figures/Balance Sheet
First nine months of ESCADA's fiscal year 2007/2008 characterized by weaker economy and reorientation of the Group

-------------------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. -------------------------------------------------------------------------------- 9-month report 23.09.2008 Munich, September 23, 2008 - During the first nine months of fiscal year 2007/2008 the ESCADA Group generated sales of 430.4 million Euro, a drop of 14.1% from the same period one year ago (501.3 million Euro). Currency-adjusted the minus came to 11.4%. Declining sales are primarily due to heightened consumer restraint in key markets, which in turn is the result of a further worsening of economic conditions in the third quarter. The business unit ESCADA generated nine months sales totaling 290.1 million Euro (vs. first nine months of 2006/2007: 339.9 million Euro, -14.7%). Sales of the PRIMERA business unit, which is highly dependent on the German market, came to 155.3 million Euro and were thus 13.1% short of last year's level (vs. first nine months of 2006/2007: 178.8 million Euro). The Group´s earnings before interest, taxes, depreciation and amortization (EBITDA) came to 21.2 million Euro after nine months (2006/2007: 53.1 million Euro). Earnings were almost entirely generated by the ESCADA business unit, which contributed a share of 19.7 million Euro (vs. first nine months of 2006/2007: 36.8 million Euro). The EBITDA of PRIMERA fell to 1.5 million Euro (vs. first nine months of 2006/2007: 16.3 million Euro). For the first three quarters ESCADA Group reports a pre-tax result of -14.7 million Euro (same period of last year: 18.3 million Euro). This includes one-time expenses from restructuring in the amount of net 2.8 million Euro (same period of last year: 6.7 million Euro). After taxes and minority interests, the Group showed a loss of 19.5 million Euro for the first three quarters (vs. first nine months of 2006/2007: -4.1 million Euro). The Group's third quarter sales were down to 134.6 million Euro (Q3 2006/2007: 157.0 million Euro; -14.3%). EBITDA came to 1.9 million Euro (Q3 2006/2007: 15.5 million Euro). Following the two cash capital increases in the third quarter, which generated a cash-in of net 50.5 million Euro, the ESCADA Group reported higher equity of 117.9 million Euro per July, 31, 2008 (October 31, 2007: 81.3 million Euro). The economic equity ratio improved to 26.2% (October 31, 2007: 19.5%). For the full fiscal year 2007/2008 the Board of Management expects Group sales to decrease in line with the trend of the first three quarters. Given the persistent worsening of the market environment, the consolidated EBITDA is expected to be around 23 to 26 million Euro. From today´s perspective the Group's result after taxes is expected to be negative at least in the amount of the previous year. Contact: ESCADA AG Volker Heilmann Phone: +49 - 89 - 99 44 - 18 73 Mail: volker.heilmann@de.escada.com end of announcement euro adhoc -------------------------------------------------------------------------------- ots Originaltext: ESCADA AG Im Internet recherchierbar: http://www.presseportal.ch Further inquiry note: Volker Heilmann Tel: +49 (0) 89 9944 1873 e-mail: volker.heilmann@de.escada.com Branche: Clothing ISIN: DE0005692107 WKN: 569210 Index: SDAX, CDAX, Classic All Share, Prime All Share Börsen: Börse Berlin / Open Market Börse Hamburg / Open Market Börse Stuttgart / Open Market Börse Düsseldorf / Open Market Börse Frankfurt / regulated dealing/prime standard Börse München / regulated dealing

Das könnte Sie auch interessieren: