DGAP-Adhoc 507 0 Kommentare Adler Modemärkte AG: EBITDA Expected to Rise to EUR 27-30 Million in 2017 Despite Slight Drop in Revenue

DGAP-Ad-hoc: Adler Modemärkte AG / Key word(s): Forecast/Dividend

Adler Modemärkte AG: EBITDA Expected to Rise to EUR 27-30 Million in 2017 Despite Slight Drop in Revenue

14-March-2017 / 16:20 CET/CEST

Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

Efficiency and Cost Saving Measures Increasingly Bear Fruit:
EBITDA Expected to Rise to EUR27-30 Million in 2017 Despite Slight Drop in Revenue

Focus on Cash Flow and Liquidity, No Dividend Planned for 2016

Adler Modemärkte AG is confident of a significant rise in earnings for financial year 2017 despite the persistently difficult conditions. The Executive Board expects EBITDA (Earnings before Interest, Taxes, Depreciation and Amortisation) to increase to EUR 27-30 million. The figure for 2016 exceeded the Company's own forecasts, reaching EUR 23.3 million on the back of a strong fourth quarter. The improvements expected in the new financial year stem from the increasingly positive effects of the cost saving and efficiency measures introduced in the previous year. On the heels of these measures, earnings will more than offset the slight drop in revenue as against 2016 (EUR 544.6 million) expected as a result of the challenging industry environment.

The Executive Board and the Supervisory Board will propose that the Company's Annual General Meeting on 24 May 2017 resolve not to distribute a dividend for the 2016 financial year (previous year: EUR 0.50); this decision follows the decrease in net profit for 2016 to EUR 0.4 million (previous year: EUR 7.9 million) and the Company's focus on a conservative CAPEX strategy and cash flow management in light of the current conditions in 2017.

The full annual financial statements and 2016 Annual Report will be published as announced on 16 March 2017.

Contact:

Adler Modemärkte AG

Investor Relations

Katrin Schreyer

Tel.: +49 6021 633 1828

Email: investorrelations@adler.de

14-March-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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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, Tradegate Exchange