DGAP-Ad hoc: Adler Modemärkte AG

DGAP-Adhoc: Adler Modemärkte AG: Business suffers as a result of mild weather - Forcast for full year 2015 adjusted

Adler Modemärkte AG / Key word(s): Change in Forecast

15.12.2015 18:03

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

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Ad hoc disclosure pursuant to § 15 of the German Securities Trading Act (WpHG) from Adler Modemärkte AG

Business suffers as a result of mild weather - Forcast for full year 2015 adjusted

Confidence remains for 2016

Haibach (near Aschaffenburg), 15. December 2015 - The unusually mild weather in the fourth quarter of 2015 was responsible for declining sales across the entire retail clothing sector, and Adler Modemärkte AG was no exception. Following positive performance in October, revenue in November fell significantly below management's expectations. Based on the business performance to date, this December is also expected to have a weaker showing than prior-year figures for the same month. The Company must therefore adjust its previous forecast for the full year 2015: depending on how the rest of December goes, the Executive Board of Adler Modemärkte AG now estimate that the Group will be able to generate EBITDA on the order of EUR 30-33 million in 2015. The forecasts are below the Company's original prediction that EBITDA was expected "to stagnate at best at the already high level, and possibly to decline temporarily". In 2014 EBITDA was EUR 41.5 million. ADLER still predicts positive after-tax earnings for 2015.

The Company expects continued revenue growth in the mid-single-digit percentage range as compared to 2014, albeit based exclusively on the effects arising from the acquisition of the Kressner-Group and the two hefa stores. ADLER generated consolidated revenue of EUR 535.3 million in 2014.

Adler Modemärkte AG remains confident for the 2016 financial year. A significant increase in earnings is expected in the absence of the one-off expenses associated with the integration of the newly acquired stores and in view of significantly lower marketing expenses and the expected revenue growth coupled with improved efficiency.



Contact Adler Modemärkte AG:

Adler Modemärkte AG Investor Relations Tel.: +49 6021 633 1828 Fax: +49 6021 633 1417 E-mail: investorrelations@adler.de

15.12.2015 The DGAP 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: Adler Modemärkte AG Industriestraße Ost 1-7 63808 Haibach Germany Phone: +49 (0) 6021 633 0 Fax: +49 (0) 6021 633 1299 E-mail: info@adler.de Internet: www.adlermode.com ISIN: DE000A1H8MU2 WKN: A1H8MU Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------