euro adhoc: ESCADA AG
quarterly or semiannual financial statement
ESCADAÂ’s positive trend at sales and earnings continues in third quarter 2005/2006

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Aschheim/Munich, September 28, 2006 - The positive business performance of the first six months continued also during the third quarter 2005/2006 at ESCADA AG (reporting date: October 31, 2006). For the first nine months the women´s luxury fashion manufacturer records Group sales of 490.0 million Euro, a plus of 5.9% on the same period of last year (462.6 million Euro). Sales for the third quarter come to 157.9 million Euro, which is 5.3% more than over the same quarter of last year (150.0 million Euro).

ESCADA GroupÂ’s operative earnings before interest, tax, depreciation and amortization (EBITDA) continues to grow stronger than sales. EBITDA for the first nine months climbs to 50.5 million Euro, an increase of 10.8 % (same period of last year: 45.6 million Euro). EBITDA for the ESCADA brand grows by 10.0 % to 36.3 million Euro (same period of last year: 33.0 million Euro). Despite the start-up costs for the expansion of its own retail and positive extraordinary effects in the same period of the previous fiscal year 2004/2005, the PRIMERA Group still manages to lift EBITDA slightly from 14.0 million Euro to 14.2 million Euro.  Third quarter EBITDA for the ESCADA Group totals 13.6 million Euro (previous year: 12.0 million Euro, a plus of +13.3 %).

The GroupÂ’s profit before taxes and one-time expenses for the nine months comes to 22.3 million Euro, which is 11.5% higher than the same period of last year (20.0 million Euro). Taking into account one-time valuation adjustments in the balance sheet in the second quarter - above all for inventories - profit before taxes stands at 10.8 million Euro.

The Board of Management takes business performance of the first nine months to be an affirmation of its targets for the full fiscal year 2005/2006. The Board of Management estimates sales to grow in the mid single-digit percentage region and reckons EBITDA to increase by around 10%. Group profit after taxes is expected to record a positive figure.

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ots Originaltext: ESCADA AG
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Further inquiry note:
Viona Brandt
Tel.: +49 (0)89 9944 1336

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-WĂĽrttembergische Wertpapierbörse / free trade
              Börse DĂĽsseldorf / free trade
              Bayerische Börse / official dealing

Weitere Meldungen: ESCADA AG

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