DGAP-News

Adler Modemärkte AG: Revenue up 5.5% in first nine months of the year - Seite 2

interest, taxes, depreciation and amortisation (EBITDA) to EUR 4.6 million
in the first nine months of the year (previous year: EUR 18.3 million).
Earnings before interest and taxes (EBIT) fell from EUR 6.8 million in the
previous year to EUR -7.5 million in the first nine months of 2015.
Earnings before taxes (EBT) fell from EUR 3.1 million to EUR -11.1 million
in the first nine months of 2015. ADLER thus reports a consolidated net
loss as at 30 September 2015 amounting to EUR 9.3 million as compared to a
consolidated net profit of EUR 1.4 million in the same period of the
previous year. The adjusted earnings per share amounted to EUR -0.50
(compared to EUR 0.08 in the same period of the previous year).

Significant increase in revenue in Q3
In the third quarter of 2015, ADLER realised a significant 6.8% increase in
consolidated revenue to EUR 130.2 million. On a like-for-like basis, this
represented a 1.8% increase. EBITDA fell primarily as a result of increased
marketing expenses to EUR 0.1 million. In terms of EBIT, a loss of EUR -4.0
million was realised.

Forecast confirmed: further profitable growth expected
Based on the revenue trend in the first nine months of 2015, the Management
Board affirms its outlook for the overall year, projecting revenue growth
in the mid-single-digit percentage range. ADLER's comments on EBITDA remain
unchanged: due to prepayments and expenses for integrating the Kressner
stores acquired, we expect EBITDA to stagnate at best at the already high
level, and possibly to decline temporarily. The Company expects to report
EBITDA for the current fourth quarter of 2015 that is significantly up year
on year. In the medium term, the Executive Board expects the expansion
measures currently being undertaken to strengthen ADLER and to lead to
further profitable growth.

Adler Modemärkte AG's full quarterly report is now available for inspection
or download from the Company's homepage at

http://www.adlermode-unternehmen.com/en/investor-relations/reports-and-pub
lications/financial-reports/

ADLER Group's key performance indicators

(EUR million)    9M 2015  9M 2014  Change  Q3 2015  Q3 2014   Change

Revenue            398.6   377.9    +5.5%    130.2    122.0    +6.8%
Gross profit       210.1   204.8    +2.1%     67.0     64.7    +3.6%
EBITDA               4.6    18.3   -74.9%      0.1      5.4   -98.1%
Earnings before      7.5     6.8   >-100%     -4.0      1.5   >-100% 
interest and taxes 
EBIT)
Earnings before    -11.1     3.1   >-100%     -5.3      0.3   >-100%