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ESCADA AG

euro adhoc: ESCADA AG
Earnings Forecast
ESCADA lowers targets for fiscal year 2007/2008, primarily because of poor performance of PRIMERA

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
Company Information
20.06.2008
Munich, June 20, 2008 - The market environment of the ESCADA Group 
has worsened once more over the last few weeks, in particular in the 
business-sensitive fast fashion segment of the PRIMERA brands 
(apriori, BiBA, cavita, Laurèl). The retail chain BiBA registered a 
disproportionately strong sales decline in the second quarter of 
2007/2008 (February to April) and in May. BiBA has already introduced
targeted counter-measures to bring its performance back on track. At 
the core brand ESCADA the full price sell-through for the past 
collections Cruise and Spring/Summer 2007 was behind the comparative 
figures of previous year, whereas, as part of the restructuring 
program, the new collections hitting the stores in May and June are 
showing a recovery in sales.
Given the background of these developments ESCADA is adjusting its 
sales and earnings expectations for fiscal year 2007/2008 (reporting 
date: October 31): instead of the originally earmarked 51 million 
Euros for earnings before interests, taxes, depreciation and 
amortization (EBITDA) the Board of Management expects EBITDA to close
out at around 37 million Euros. From today's perspective the Group 
result after taxes is set to be negative. Consolidated sales for 
2007/2008 are expected to decline by a low double-digit percentage 
point.
end of announcement                               euro adhoc

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

Plus de actualités: ESCADA AG
Plus de actualités: ESCADA AG