Adler Modemärkte AG
- WKN: A1H8MU
- ISIN: DE000A1H8MU2
- Land: Deutschland
Nachricht vom 02.08.2018 | 07:30
Adler Modemärkte AG: Free Cash Flow of EUR 23.8 Million Significantly Above Prior-year Figure
DGAP-News: Adler Modemärkte AG / Key word(s): Quarter Results/Half Year Results
Preliminary Q2 Figures Confirmed: Adjusted Operating Profit Up 13.3%
Free Cash Flow of EUR 23.8 Million Significantly Above Prior-year Figure
Haibach (near Aschaffenburg), 2 August 2018: ADLER Modemärkte AG confirmed the preliminary figures for the second quarter of 2018 that it had announced on 18 July 2018: Although revenue declined by 3.4% to EUR 140.4 million during the quarter (Q2 2017: EUR 145.3 million), EBITDA (adjusted for negative non-recurring effects) increased to EUR 18.7 million (reported: EUR 17.9 million). This represents a 13.3% increase against the comparable prior-year figure of EUR 16.5 million (reported: EUR 22.7 million). The Q2 consolidated net profit, which in the previous year had been significantly influenced by extraordinary other operating income from real estate transactions, totalled EUR 8.3 million (Q2 2017: EUR 12.4 million).
As announced, as at 30 June 2018, ADLER reported cumulative consolidated revenue of EUR 243.1 million (H1 2017: EUR 254.0 million) and EBITDA of EUR 0 million (H1 2017: EUR 10.2 million; like-for-like: EUR 4.0 million). The consolidated net loss declined to EUR 9.0 million (H1 2017: net loss of EUR 0.8 million). Operational improvements and efficiency enhancements led to a significant increase in the gross profit margin from 52.9% to 54.3% as compared to the first half year 2017.
Free cash flow improved by more than 90%
As at 30 June 2018, Adler again reported a high cash position of EUR 58.7 million (30 December 2017: EUR 63.3 million), meaning that the decrease in cash and cash equivalents typically seen in the first half of the year was limited to EUR 4.6 million. As at 30 June 2017, ADLER's cash position had amounted to EUR 40.7 million.
ADLER CEO acquires approximately 1% of shares in Company
The full report on the first half of 2018 is available for download at http://www.adlermode-unternehmen.com/en/investor-relations/reports-and-publications/financial-reports.
ADLER Group's key performance indicators
* based on 18,510,000 no-par value shares.
Adler Modemärkte AG
Tel.: +49 6021 633 1828
|Company:||Adler Modemärkte AG|
|Industriestraße Ost 1-7|
|Phone:||+49 (0) 6021 633 0|
|Fax:||+49 (0) 6021 633 1299|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange|
|End of News||DGAP News Service|
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