DGAP-News

Feike AG continues on its path of growth

DGAP-News: Feike AG / Key word(s): Interim Report/Half Year Results
Feike AG continues on its path of growth

28.08.2014 / 08:42

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Half-Year-Results 2014

Feike AG continues on its path of growth

- Revenues increased by 9.1% to 48.9 million Euros in H1 2014 (H1 2013:
44.8 million Euros)

- EBIT reached 12.6 million Euros corresponding to an EBIT margin of
25.8%

- Number of retail outlets increased by 240 from 2,120 as at 30 June 2013
to 2,360 as at 30 June 2014


Berlin, August 28, 2014 - Feike AG, the German holding company of the
second largest manufacturer of children's footwear in China*, maintained a
steady operational and financial growth in the first six months of 2014:
Feike realised revenues of 48.9 million Euros, exceeding last year's
revenues by 9.1%. This positive development is mainly contributed by the
fact that the number of retail outlets selling Feike's products was
extended as planned. As at 30 June 2014, the wide range of products was
distributed via 2,360 retail outlets comprising boutique outlets and points
of sale. The number of retail outlets increased from 2,120 as at 30 June
2013 by 240 or 11.3%.

Under the "Feike", "Atongmu" and "Lanmao" brands, the group offers footwear
and apparel products for children in different price segments. During the
reporting period the group was able to increase the number of units of
footwear and apparel sold by 7.7% to 6.7 million (H1 2013: 6.2 million),
while the average unit selling price increased by 1.3%.

Relying on its design and development efforts, Feike launched several new
product designs during the first six months of 2014. In sum, Feike has
designed and developed more than 2,050 product design samples, among which
679 product design samples were finally translated into mass production.

In the first six months of 2014, revenue for footwear products, including
leather shoes, leisure shoes, beach shoes and cotton shoes, was 40.0
million Euros, accounting for 81.8% of the total revenues, representing an
increase of 5.6% as compared to the reporting period in 2013. The revenue
for apparel products, including jackets, pullover, shirts, shorts and
trousers increased by 28.1% and contributed 8.9 million Euros to the total
revenue.

The gross profit of Feike amounted to 16.2 million Euros, representing an
increase of 17.4% as compared to the first half of last year. Furthermore,
Feike underlines its profitability with an operating profit (EBIT) of 12.6