Brief: Ahlers: confirms forecast of largely stable revenues and slightly higher earnings for FY 2016/17

Ahlers AG

25/09/2017 13:53

Sept 25 (Reuters) - AHLERS AG  AAHG.F : 
    * DGAP-NEWS: AHLERS AG: FORECAST OF LARGELY STABLE REVENUES 
AND SLIGHTLY HIGHER EARNINGS CONFIRMED FOR FULL YEAR 2016/17. 
SALES REVENUES DECLINE IN THIRD QUARTER DUE TO SHIFT FROM FIXED 
TO CONSIGNMENT BUSINESS AND LATER DELIVERY OF THE AUTUMN/WINTER 
MERCHAN 
    * SALES REVENUES DECLINE IN Q3 DUE TO SHIFT FROM FIXED TO 
CONSIGNMENT BUSINESS AND LATER DELIVERY OF AUTUMN/WINTER 
MERCHANDISE 
    * AT NINE-MONTH STAGE, SALES REVENUES OF CONTINUED BRANDS 
WERE STABLE IN SPITE OF SHIFTS 
    * HAS CONFIRMED FORECAST FOR FULL FISCAL YEAR 2016/17 
    * FY CONTINUED OPERATIONS SHOULD GROW BY ABOUT 2 PERCENT, 
WITH TOTAL REVENUES PROJECTED TO REMAIN MORE OR LESS STABLE 
    * FY CONSOLIDATED EARNINGS AFTER TAXES ARE EXPECTED TO BE 
SLIGHTLY HIGHER THAN IN PREVIOUS YEAR (2015/16: EUR 2.5 
MILLION) 
    * 9 MONTH EBIT DECLINED BY 23 PERCENT TO EUR 6.7 MILLION, 
WHILE EARNINGS AFTER TAXES WERE DOWN BY 20 PERCENT TO EUR 4.1 
MILLION 
    * 9MTH TOTAL REVENUES DECLINED BY 2.6 PERCENT FROM PREVIOUS 
YEAR'S EUR 184.5 MILLION TO EUR 179.7 MILLION 
 
Source text for Eikon:  ID:nEQ6FSZ51a  
Further company coverage:  AAHG.F  
 
 (Gdynia Newsroom) 
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