Dr. Scheller Cosmetics AG
Dr. Scheller Cosmetics english
DR. SCHELLER COSMETICS AG – slight decline in domestic, growth in export sales
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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DR. SCHELLER COSMETICS AG – slight decline in domestic, growth in export sales
Eislingen/Fils, 21.08.2003 – The positive trend of an increase in net sales of
8.3% in the first quarter did not continue in the second quarter. Instead sales
in the first half year of TEUR 38,114 were down slightly on the TEUR 38,578 in
the comparable period of the previous year. Export sales, however, continued to
rise and with 6.8% again show considerable growth over 2002. In the second
quarter operating performance was also improved once again – by 2.8% (TEUR
1,100) to TEUR 40,933. EBITDA was TEUR 1,936 as opposed to TEUR 2,487 in the
comparable period. EBIT dropped from TEUR 779 in 2002 to TEUR 252 in 2003. At
TEUR 228, in the first half year accumulated interest and neutral earnings were
positive, compared to TEUR -289 in 2002.
Period earnings at TEUR 303 were almost identical to the TEUR 309 in the
comparable period.
Cash flow from operating activities dropped from TEUR 6,884 the previous year to
TEUR -3,695. This was primarily because of the reduction in receivables the
previous year as a result of factoring measures of TEUR 6,806, whereas they
increased by TEUR 2,649 in the first half year of 2003.
The second quarter was marked by still ongoing consumer restraint and the
adjustment of the shop display unit placements in the MANHATTAN sector. After
distribution adjustment has been taken into account, however, domestic sales
were increased by 4.6 %. The development of export sales was above average, in
particular in Southern and Eastern Europe at +27.6%. In the EU countries there
was also growth of 12.6 % on average. At 24% the export share of sales was thus
slightly higher than in the first six months of the previous year.
Because of the distribution adjustment in the area of the Shoptheke display
units mentioned, the 5-6% growth in sales planned for 2003 at the beginning of
the year has been corrected to 1%. In the remaining months DR. SCHELLER
COSMETICS AG will focus on export activities in the strong growth European key
markets. The opening up of new markets and the exploitation of market potentials
will continue.
DR. SCHELLER COSMETICS AG – Cornelia Banzhaf, IR / PR,
Tel. (+49) 07161-803.208, Fax (+49) 07161-803.300
aktie@dr-scheller-cosmetics.com
end of ad-hoc-announcement (c)DGAP 21.08.2003
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WKN: 720130; ISIN: DE0007201303; Index:
Listed: Amtlicher Markt in Frankfurt (Prime Standard) und Stuttgart; Freiverkehr
in Berlin-Bremen, Düsseldorf und München
210813 Aug 03
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