DGAP-News

Adler Modemärkte AG: Focus on Improved Profitability and Free Cash Flow in 2017 - Seite 3

Given that the Company only generated a small net profit in 2016 and in light of the Company's continued focus on a conservative CAPEX strategy and cash flow management against the backdrop of the current conditions in 2017, the Executive Board and the Supervisory Board will not propose the distribution of a dividend for the 2016 financial year to the Company's Annual General Meeting on 24 May 2017 (previous year: EUR 0.50). The slowdown in the Group's expansion can be seen in the fact that ADLER plans to open only one new store in 2017 (186 ADLER stores as at 31 December 2016).

The basis for the Company's previously-announced sustainable long-term growth remains intact.

Adler Modemärkte AG's 2016 annual report is now available for inspection or download from the Company's website at the following link:
http://www.adlermode-unternehmen.com/en/investor-relations/reports-and ...

ADLER Group's key performance indicators

(EUR million)	2016	2015	Change
Revenue	544.6	566.1	-3.8%
Gross profit	288.1	304.9	-5.5%
Earnings before interest, taxes, depreciation and amortisation (EBITDA)	23.3	33.3	-30.0%
Earnings before interest and taxes (EBIT)	6.5	17.0	-61.8%
Earnings before taxes (EBT)	1.7	12.1	-86.0%
Consolidated net profit for the year	0.4	7.9	-94.9%
Earnings per share (in EUR) 1)	0.02	0.43	-95.3%
Operating cash flow	22.2	19.5	13.8%
Free cash flow	11.4	2.9	293.1%