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Adler Modemaerkte AG (ADDG.DE)

ADDG.DE on Xetra

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Latest Key Developments (Source: Significant Developments)

Adler Modemaerkte FY net profit down to EUR 0.4 mln
Thursday, 16 Mar 2017 02:30am EDT 

Adler Modemaerkte AG : 3.8 percent drop in revenue (-4.6 percent like-for-like) to 544.6 million euros ($584.79 million) in 2016(2015: eur 566.1 million) . FY EBIT fell from 17.0 million euros to 6.5 million euros . FY profit of 0.4 million euros (2015: 7.9 million euros) . Will not propose distribution of a dividend for 2016 financial year . EBITDA expected to increase to 27 million - 30 million euros in 2017 despite general conditions which remain difficult .Despite expected substantial improvements in online sales, weakness in textile retail industry is likely to lead to a slight decline in consolidated revenue in 2017.  Full Article

Adler Modemaerkte sees 2017 EBITDA to rise to 27-30 million euros
Tuesday, 14 Mar 2017 11:21am EDT 

Adler Modemaerkte AG : EBITDA expected to rise to 27-30 million euros in 2017 despite slight drop in revenue . EBITDA figure for 2016 exceeded company's own forecasts, reaching 23.3 million euros ($24.78 million) on back of a strong Q4 . Will propose that company's annual general meeting on 24 May 2017 resolve not to distribute a dividend for 2016 financial year (previous year: 0.50 euros) . Decrease in net profit for 2016 to 0.4 million euros (previous year: 7.9 million euros) .On heels of these measures, earnings will more than offset slight drop in revenue as against 2016 (544.6 million euros) expected as a result of challenging industry environment.  Full Article

Adler Modemärkte posts FY EBITDA of 22.5 million euros
Thursday, 2 Feb 2017 01:30am EST 

Adler Modemaerkte AG : Earnings forecast exceeded significantly . FY revenue went down 3.8 pct to 544.6 million euros ($587.73 million) as expected (2015: 556.1 million euros) . FY earnings before interests, taxes, depreciation and amortisation (EBITDA) amounted to more than 22.5 million euros, thus exceeding advised range of 14 to 17 million euros significantly . Reacted to overall decline in revenues faced by textile retailers by implementing cost savings- and efficiency programmes .Effects of which were already being felt and will result in additional cost savings in 2017.  Full Article

Adler Modemaerkte extends service agreement with CFO Karsten Odemann
Thursday, 15 Dec 2016 01:30am EST 

Adler Modemaerkte AG :Supervisory Board unanimously approved to extend the existing service agreement with CFO Karsten Odemann until the end of December 2019.  Full Article

Adler Modemaerkte says acquires rights to Steilmann brand
Thursday, 17 Nov 2016 06:48am EST 

Adler Modemaerkte AG : Acquires rights to Steilmann brand . Parties agreed to keep confidential exact terms and conditions of underlying purchase agreement .In financial year 2015, Adler generated approximately 18 million euros ($19.32 million) in gross revenue from Steilmann brand.  Full Article

Adler Modemaerkte expects lower revenue in 2016
Tuesday, 2 Aug 2016 01:37pm EDT 

Adler Modemaerkte AG : Says forecast for full-year 2016 adjusted . Says Ebitda declined from eur4.5 million to eur0.7 million in first half of year . Says full-year revenue is expected to fall short of prior-year figure of approximately eur566 million . Says revenue and income stabilise in Q2 . Says revenues declined by roughly 4% year on year from eur268.4 million to eur257.1 million in first half of 2016 . Says has already launched a wide range of measures to increase efficiency . Says efficiency steps will result in substantial cost savings as year progresses .Says continues to aim for significant after-tax earnings and considerable positive free cash flow in 2016.  Full Article

Adler Modemaerkte elects Massimiliano Monti new chairman of supervisory board
Tuesday, 3 May 2016 09:02am EDT 

Adler Modemaerkte AG:Massimiliano Monti elected as new chairman of the supervisory board.Monti succeeds Michele Puller whose election as chairman of supervisory board has been revoked.  Full Article

Adler Modemaerkte comments on FY 2016 outlook
Tuesday, 3 May 2016 01:30am EDT 

Adler Modemaerkte AG:Outlook for FY 2016 remains positive despite slow start to the year.Continue to anticipate revenue growth in low single-digit percentage range in FY 2016.EBITDA is expected to outpace revenue and increase in upper-single-digit percentage range in FY 2016.FY 2016 revenue estimate 579.83 million euros - Thomson Reuters I/B/E/S.FY 2016 EBITDA 36.09 million euros - Thomson Reuters I/B/E/S.  Full Article

Adler Modemaerkte AG issues FY 2016 outlook in line with analysts' estimates
Thursday, 17 Mar 2016 02:30am EDT 

Adler Modemaerkte AG:Expects revenue to grow in low-single-digit percentage range in FY 2016​.FY 2016 revenue 581.00 million euros - Thomson Reuters I/B/E/S.  Full Article

Adler Modemaerkte proposes FY 2015 dividend
Tuesday, 15 Mar 2016 09:10am EDT 

Adler Modemaerkte AG:Dividend proposal of 0.50 euros for financial year 2015.  Full Article

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