Ahlers AG

Business and Financial Review • Jun 29, 2012

News Details

Ad-hoc | 29 June 2012 10:50

Ahlers AG: Comprehensive restructuring planned for Gin Tonic; earnings forecast for 2011/12 revised; interim figures for 2011/12 reflect new forecast

Ahlers AG / Key word(s): Restructure of Company/Change in Forecast

29.06.2012 10:50

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Ad-hoc release pursuant to section 15 WpHG

Ahlers AG, Herford

ISIN DE0005009708 und ISIN DE0005009732

Comprehensive restructuring planned for Gin Tonic; earnings forecast for
2011/12 revised; interim figures for 2011/12 reflect new forecast

In view of the latest disappointing figures for Gin Tonic Special Mode
GmbH, the Management Board of Ahlers AG has initiated an extensive
restructuring project for its subsidiary, which will be launched
immediately under a new management. In the context of this project, Gin
Tonic will focus on the larger, intact menswear business.

Due to Gin Tonic's unsatisfactory operating result as well as the
restructuring expenses, the Group's result for the year 2011/12 will
probably be below the prior year level of EUR 10.1 million. At the same
time, the comprehensive restructuring will clearly improve the result of
the next fiscal year 2012/13.

In the first six months of 2011/12, the Ahlers Group generated stable sales
revenues of EUR 121.6 million (previous year: EUR 122.0 million) and a
preliminary net income of EUR 2.7 million (previous year: EUR 4.0 million).
Cash flow from operating activities exceeds the prior year level by EUR 4.7
million due to the positive trend in net working capital. The positive cash
flow trend should continue in the second half of the year, allowing a solid
balance sheet and a satisfactory dividend at the end of the fiscal year.
The full interim figures of the Ahlers Group will be published on July 11,
2012.

Herford, June 29, 2012

The Management Board

Ahlers AG
Elverdisser Str. 313
32052 Herford

29.06.2012 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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