Jil Sander AG
Jil Sander AG english
JIL SANDER AG
Ad-hoc-announcement processed and transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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JIL SANDER Group’s sales in the first six months from January to June 2003
decreased, compared to the prior-year six month period, by 7.1 % from euro 68.0
million to euro 63.2 million. In the first half of 2003 the Group has incurred
a loss of euro 14.3 million. In the first half of 2002 JIL SANDER Group had made
a loss of euro 13.6 million. The result has been positively influenced by a
profit of euro 6.4 million from the sale of real estate.
Revenues reflect the unfavourable international economic situation, which has
particularly affected the luxury industry in the first half of the year. This
together with a negative exchange rate effect due to a weak Dollar and Yen do
not permit yet to generate contribution margins that may be sufficient to
recover the costs arising from the recent high investments in the JIL SANDER
Retail distribution.
The management board expects to achieve a significant turnaround of sales and
revenues in the medium term as a consequence of the return of Jil Sander in JIL
SANDER AG which will improve and accelerate the development of the Company.
end of ad-hoc-announcement (c)DGAP 08.08.2003
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WKN: 716403; ISIN: DE0007164030; Index:
Listed: Amtlicher Markt in Frankfurt (General Standard) und Hamburg; Freiverkehr
in Stuttgart
081122 Aug 03
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