- Prachi Singh
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For the six months of fiscal year 2019, Adler said in a statement that
EBITDA rose to 25.1 million euros (28 million dollars) compared to 24.1
million euros in the previous year. The company added that despite
continued weakness of the textile retail trade and the planned reduction in
the number of fashion stores, sales were 236 million euros (264 million
dollars) compared to 243.1 million euros last year.
The company further said that liquidity rose 54.5 million euros and free
cash flow in the second quarter was 38 million dollars, down about 26
percent against the comparable period last year. However, half-year free
cash flow figure reached 20.6 million euros, substantially above 16.6
million euros at June 30, 2018.
Against this background, Adler confirms full-year targets for 2019. The
company’s executive board continues to forecast full-year sales of slightly
500 million euros and operating EBITDA in a range between 73 million euros
and 78 million euros. Including the one-off charges for the targeted site
closures, the company assumes EBITDA margin between 64 million euros and 69
million euros.
Picture:Adler media gallery
