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. --------------------------------------------------------------------------- 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, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Ahlers AG Elverdisser StraÃe 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 ---------------------------------------------------------------------------
DGAP-Adhoc: Ahlers AG: Comprehensive restructuring planned for Gin Tonic; earnings forecast for 2011/12 revised; interim figures for 2011/12 reflect new forecast
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