euro adhoc: ESCADA AG
Earnings Forecast
ESCADA lowers expectations for fiscal year 2007/2008

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Company Information


Munich, April 9, 2008 - On the background of a continually worsening market environment and based on the business figures at the end of March 2008 ESCADA AG is adjusting its expectations for fiscal year 2007/2008 (reporting date: October 31). From today's perspective the luxury women´s fashion manufacturer is expecting consolidated sales to drop by a higher single-digit percentage point compared to last year's figure. The Group's EBITDA is currently estimated to fall short in the range of 25% versus last year. The Board of Management reckons that the result after taxes will be slightly positive. Based on a stable market environment ESCADA aimed to generate lower single-digit growth rates both for consolidated sales as well as Group EBITDA. The adjusted expectations reflect the further downturn of the economic environment of key markets over the last few weeks, and above all the heightened recessionary indicators in the USA.

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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:  Börse Frankfurt / regulated dealing/prime standard
              Börse Berlin / free trade
              Börse Hamburg / free trade
              Börse Stuttgart / free trade
              Börse Düsseldorf / free trade
              Börse München / regulated dealing

Weitere Meldungen: ESCADA AG

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