Brief: Ahlers AG - Unexpected Decline In Revenues In Q2

Ahlers AG

21/06/2018 18:07

June 21 (Reuters) - Ahlers AG  AAHG.F :
    * DGAP-ADHOC: UNEXPECTED DECLINE IN REVENUES ALSO IN Q2
2017/18.
TOTAL FIRST-HALF SALES DOWN BY 5.5 PERCENT ON THE PREVIOUS YEAR.
EBITDA FELL FROM EUR 4.2 TO EUR 2.7 MILLION (-36 PERCENT).
    * UNEXPECTED DECLINE IN REVENUES ALSO IN Q2 DUE TO
CANCELLATION OF
ORDERS FROM EASTERN EUROPEAN CUSTOMERS AND WEAK STOCK SALES OF
SUITS AND SPORTSWEAR.
    * DOWNGRADES REVENUE AND EARNINGS FORECAST FOR FULL YEAR
2017/18
AND NOW PROJECTS DECLINING REVENUES SLIGHTLY ABOVE TREND OF
FIRST SIX MONTHS (-5.5 PERCENT)
    * CONSOLIDATED EARNINGS 2017/18 ARE EXPECTED TO COME IN
CLOSE TO
BREAK-EVEN POINT

Further company coverage:  AAHG.F 

 (Reporting By Douglas Busvine)
 ((douglas.busvine@thomsonreuters.com;))