Pierre Cardin
Pierre Cardin
 

18 Mar. 2011

AHLERS WITH 77% EARNINGS GROWTH

German menswear manufacturer Ahlers presented its results for FY 2009/10 as well as an optimistic outlook on FY 2010/11. The company consolidated a net income of €8.5 million in the past fiscal year, a plus of 77% compared to the previous year’s net income of €4.8 million. In the fourth quarter of 2010, sales revenues increased by 8.6% while full-year sales rose by 0.6% to €250.8 million.

Furthermore, all brand segments increased their respective profit contributions in the fiscal year 2009/10. Earnings in the premium segment, including the brands Pierre Cardin, Baldessarini and Otto Kern, doubled. This segment grew by 5.2% and now accounts for 52% of total sales (previous year: 50%). Sales revenues in the retail segment rose by an impressive 23% and now represents 9% of total sales (previous year: 7%).

Ahlers’ management board is optimistic about the current fiscal year 2010/11. Incoming orders in the first six moths went up by 3% compared to the previous year. Current orders for the second half of the year are up by a double-digit percentage. In conclusion, Ahlers’ sales revenues should rise at a single-digit rate, while consolidated net income is expected to increase by a double-digit percentage in 2011.

Dr. Stella A. Ahlers, CEO of the Herford-based company, commented on Ahlers’ performance: „We have optimized the company and focused it on fewer activities in the past years. Going forward, we want to grow our fully integrated brands both nationally and internationally. At present, we are expanding our retail activities and want to increase the number of own stores and spaces at multilabel stores.”

Ahlers has just opened one store in Munich and one in Switzerland for the Baldessarini and Gin Tonic brands and is about to open another store in Munich. Apart from the Gin Tonic online shop, which has just been launched, online shops for Otto Kern and Baldessarini will be opened within this year. At the end of 2010, Ahlers had 27 own stores and 132 monolabel stores operated by partners and franchisees.
 
Susannah Carey

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