Baldessarini store
Baldessarini store
 

23 Jul. 2010

AHLERS INCREASES OPERATING RESULTS

In the first six months of FY 2009-10, German menswear specialist Ahlers Group generated an operating result of €4.5 million, which represents a significant increase compared to the previous year’s €0.8 million. According to the company, the increase was due to consistent optimization of its production facilities and reduced costs resulting from a comprehensive cost-saving program. Earnings after tax amounted to €2.4 million compared to €0.2 million in the previous year.

Sales in the premium segment, which comprises the brands Pierre Cardin, Baldessarini and Otto Kern, increased 2.9% in the second quarter of 2009-10, while group consolidated sales declined 3.4% to €118.8 million due to cyclical reasons.

For the second half of 2009-10, the management board projects stable to moderately increased sales based on growing sales in the premium segment and higher earnings in the following six months. “Thanks to our cost-saving and optimization programs, we have emerged stronger from the economic crisis,” Dr. Stella Ahlers, CEO of Ahlers AG, said. “Building on this solid basis, we will continue to expand our product range and our retail presence, also with our own stores.”
Susannah Carey

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