DGAP-Adhoc: Ahlers AG: Ahlers' revenue growth of 3.5 percent in Q2 2016 at the upper end of the forecast. Consequently, strong earnings growth in H1 2015/16. The forecast for full 2015/16 remains essentially unchanged.

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

22.06.2016 17:07

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 announcement pursuant to § 15 WpHG

Ahlers AG, Herford

ISIN DE0005009708 and ISIN DE0005009732

Ahlers' revenue growth of 3.5 percent in Q2 2016 at the upper end of the
forecast. Consequently, strong earnings growth in H1 2015/16. The forecast
for full 2015/16 remains essentially unchanged, with revenues projected to
remain stable and earnings expected to increase notably as a result of
declining expenses.

In spite of the discontinuation of the Gin Tonic and private label
activities, Ahlers recorded a 3.5 percent increase in sales revenues in Q2
2016. The Management Board had originally projected stable to slightly
declining sales revenues. The increase in the second quarter offset the
decline in the first three months. Sales revenues for the first six months
of 2015/16 amounted to EUR 118.3 million, up EUR 0.2 million or 0.2 percent
on the first half of 2014/15 (EUR 118.1 million).

As a result of the higher revenues, earnings also picked up a bit more
strongly than expected. In the first half of 2015/16, Ahlers generated EBIT
before special effects of EUR 2.2 million, compared to EUR 0.7 million in
the prior year period (+214 percent). Earnings after taxes increased from
EUR 0.0 million to EUR 0.8 million during the same period. The increased
earnings are primarily attributable to cost savings, e.g. as a result of
the discontinuation of Gin Tonic.

The revenue trend of the first six months should continue in the second
half of 2016, when sales revenues are expected to remain stable. The
Management Board had previously projected stable to moderately declining
revenues. The fashion company's core business with the remaining segments
Premium brands (Pierre Cardin, Baldessarini, Otto Kern) and Jeans, Casual &
Workwear should thus grow by about 3 percent, which would offset the
discontinued activities. Earnings in the financial year 2015/16 should
clearly exceed the prior year results at all levels. The Management Board
expects the Group's net income for the year to increase by a high double-
digit percentage on the previous year's EUR 1.4 million. The earnings
forecast for the full year thus remains unchanged.

All figures are preliminary. The final figures for the first half of
2015/16 will be published on July 14, 2016.

Herford, June 22, 2016

The Management Board

Ahlers AG
Elverdisser Str. 313
32052 Herford


22.06.2016 The DGAP 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:       Regulated Market in Dusseldorf, Frankfurt (Prime Standard);
              Regulated Unofficial Market in Berlin, Hamburg, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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