DGAP-Adhoc: Adler Modemärkte AG: Weak retail industry weighs down performance: full-year revenue and earnings forecasts revised; liquidity up significantly year on year

DGAP-Ad-hoc: Adler Modemärkte AG / Key word(s): Change in Forecast/9-month figures
Adler Modemärkte AG: Weak retail industry weighs down performance: full-year revenue and earnings forecasts revised; liquidity up significantly year on year

07-Nov-2018 / 19:24 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Following a solid development in the third quarter, which was difficult for the industry as a whole, demand was below expectations in October and the first days in November due to the warm weather; additionally, a representative survey by Ernst&Young also tempered expectations for business at the holidays throughout the textiles retail sector.

Regardless of the current trend, ADLER is still well positioned to finance the measures launched as part of its 2020 strategy on its own thanks to its strong liquidity. As previously, the Company can leverage this extremely sound financial foundation to return the Group to a profitable growth path as planned in the medium to long term.

As predicted, the ADLER 2020 Strategy and the already announced switch in the logistics service provider will begin to have a positive effect on earnings for the first time in financial year 2019.

ADLER will publish its full report on the first nine months of 2018 on 8 November 2018.

07-Nov-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de