Ahlers AG

Earnings Release • Jun 26, 2013

News Details

Ad-hoc | 26 June 2013 11:24

Ahlers AG: Lower net income in H1 2012/13 as business remains slow due to poor weather; forecast for H2 2012/13 unchanged; full-year forecast downgraded.

Ahlers AG / Key word(s): Half Year Results/Profit Warning

26.06.2013 11:24

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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The issuer is solely responsible for the content of this announcement.

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Ad-hoc release to section 15 WpHG

Ahlers AG, Herford

ISIN DE0005009708 und ISIN DE0005009732

Lower net income in H1 2012/13 as business remains slow due to poor
weather; forecast for H2 2012/13 unchanged; full-year forecast downgraded.

Clothing retail sales failed to recover in the second quarter of the fiscal
year 2012/13 of Ahlers AG (March 2013 - May 2013) and continued to decline.
Sales revenues in Q2 2012/13 dropped by 5 percent, which was in line with
the trend in the first three months. 3 percent of the decline is related to
the discontinuation of Gin Tonic Women, while like-for-like sales were down
by 2 percent.

At EUR 1.0 million, consolidated net income after taxes was down on the
previous year's EUR 2.7 million, due to the drop in sales revenues and the
start-up costs for own retail stores and e-commerce activities.

The forecast for the second half of 2012/13 has remained unchanged. The
Management Board projects slightly growing sales revenues and a better
result. This forecast is supported by good incoming orders for the
autumn/winter season 2013.

Due to the lower half-year result, the Management Board has downgraded its
2012/13 forecast for the consolidated net income after taxes, which is now
expected to come in at, or slightly above, the prior year level of EUR 7.3
million. The company had previously projected between EUR 7.3 and EUR 10.0
million. With net working capital more or less unchanged, the company
should generate good free cash flow, permitting to pay out a satisfactory
dividend.

Ahlers AG's full half-year figures of will be published on July 11, 2013.

Herford, June 26, 2013

The Management Board

Ahlers AG
Elverdisser Str. 313
32052 Herford

26.06.2013 DGAP's Distribution Services include Regulatory Announcements,
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Language: English
Company: Ahlers AG
Elverdisser Straße 313
32052 Herford
Germany
Phone: +49 (0)5221 979-0
Fax: +49 (0)5221 70058
E-mail: ahlers-ag@ahlers-ag.com
Internet: www.ahlers-ag.com
ISIN: DE0005009708, DE0005009732
WKN: 500970, 500973
Listed: Regulierter Markt in Düsseldorf, Frankfurt (Prime Standard);
Freiverkehr in Berlin, Hamburg, Stuttgart

End of Announcement DGAP News-Service

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