DGAP-News

Feike AG continues on its path of growth - Seite 2

million Euros and an EBIT margin of 25.8%. Excluding the IPO expenses, EBIT
and EBIT margin amounted to 13.8 million Euros and 28.2%, respectively. The
net cash flow generated from operating activities increased from 14.1
million Euros in H1 2013 by 34.2% to 19.0 million Euros in H1 2014. In
addition, Feike enjoys comfortable equity resources. During the reporting
period the total equity grew by approx.
9 million Euros to 54.2 million Euros, representing an equity ratio of
66.1%. Feike's cash position amounted 60.2 million Euros at the end of June
2014.

For the second half of 2014, the management board expects the relaxation of
the one-child policy in China and rising disposable income to have a
positive impact on the market of footwear and apparel for children as well
as on Feike's business development.

About Feike AG
Feike AG is the second largest manufacturer of children's footwear in
China*. The company sells its wide range of products comprising children's
shoes and clothing under three well-known brands - "Feike", "Atongmu" and
"Lanmao". The sales network currently includes 2,360 retail outlets in 27
provinces of China. In 2013, Feike group employed more than 1,000 people at
its production sites in Fujian Province and achieved revenues of 108.2
million Euros. Feike AG's Shares are traded on the Frankfurt Stock Exchange
under the ticker symbol FKE and ISIN DE000A1YCNB3.

*measured by the retail sales volume in 2012 according to the "Report on
Children's Apparel and Footwear Markets in China" prepared by the Smart
Cube

For further Information, please contact:

Kirchhoff Consult AG

Andreas Friedemann
Tel: [phone]
E-Mail: [e-mail]
Website: http://www.feike-ag.com

Disclaimer concerning prognoses
This communication contains forward-looking statements. Forward-looking
statements are statements that are not historical facts instead they
reflect Feike's current views and expectations and the assumptions
underlying them about future events. Forward-looking statements are subject
to many risks and uncertainties. If any of such risks and uncertainties
materialise or if the assumptions underlying any of Feike's forward-looking
statements are proving to be incorrect, Feike's actual results may be
materially different from those expressed or implied by such
forward-looking statements. Feike's does not intend or assume any
obligation to update these forward-looking statements. Any forward-looking
statement speaks only as of the date on which it is made.



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Language: English
Company: Feike AG
c/o Kirchhoff Consult AG, Herrengraben 1
20459 Hamburg
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.feike-ag.de
ISIN: DE000A1YCNB3
WKN: A1YCNB
Listed: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Düsseldorf


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284314 28.08.2014