Brief: Ahlers AG Says Adopted The Basic Resolutions For A Comprehensive Set Of Measures

Ahlers AG

13/09/2018 19:46

Sept 13 (Reuters) - Ahlers AG  AAHG.F :
    * DGAP-ADHOC: SUPERVISORY BOARD AND MANAGEMENT BOARD ADOPT
COMPREHENSIVE SET OF MEASURES TO SUSTAINABLY IMPROVE RESULTS IN
THE MEDIUM TERM. ONE-TIME EFFECTS OF APPROX. EUR 5 MILLION
EXPECTED IN 2017/18 ANNUAL FINANCIAL STATEMENTS. PROBABLY NO
DIVIDEND FOR F
    * SUPERVISORY BOARD AND MANAGEMENT BOARD OF AHLERS AG TODAY
ADOPTED BASIC RESOLUTIONS FOR A COMPREHENSIVE SET OF MEASURES
    * ONE-TIME EFFECTS OF APPROX. EUR 5 MILLION EXPECTED IN
2017/18
ANNUAL FINANCIAL STATEMENTS
    * COMPRISES CONCENTRATION ON AHLERS AG'S CORE BRANDS,
STREAMLINING
OF ORGANISATION AND A REDUCTION IN COMPLEXITY
    * PROBABLY NO DIVIDEND FOR CURRENT FINANCIAL YEAR
    * FULL SET OF MEASURES WILL LEAD TO JOB CUTS OF ABOUT 130,
INCLUDING PRESUMABLY 100 IN GERMANY
    * MANAGEMENT EXPECTS EARNINGS TO IMPROVE SUSTAINABLY AS OF
2020
    * BUSINESS ACTIVITY OF JUPITER, SPORTSWEAR BRAND, WILL BE
DISCONTINUED AFTER DISTRIBUTION OF 2019 WINTER SEASON
    * MANAGEMENT BOARD AIMS TO IMPLEMENT JOB CUTS IN
CONSTRUCTIVE
COOPERATION WITH STAFF REPRESENTATIVES
    * CHANGES TO BE IMPLEMENTED WILL ALSO RESULT IN A REDUCTION
IN NET
WORKING CAPITAL
    * THERE WILL BE NO ADDITIONAL FINANCING REQUIREMENTS DURING
IMPLEMENTATION PERIOD UP TO END OF 2019
    * MANAGEMENT EXPECTS EARNINGS TO IMPROVE SUSTAINABLY AS OF
2020
    * REVENUE TREND FOR FULL YEAR 2017/18 IS EXPECTED TO BE
SLIGHTLY
BETTER IN PERCENTAGE TERMS THAN FOR FIRST NINE MONTHS

Source text for Eikon:  ID:nEQ7bSy5la 
Further company coverage:  AAHG.F 

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