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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The JIL SANDER Group posted 2002 sales of Euro 138.8 million, compared to Euro
139.8 million in the previous year.
Even considering the challenges currently facing the world luxury goods market,
the JIL SANDER Group managed to maintain stable revenues compared to 2001. Had
the exchange rates between Euro and other major foreign currencies been stable,
sales would have grown by 2.1%.
Even though the Group was able to maintain stable revenues, margins were lower
in 2002 compared to the previous year. Moreover, the exclusive new JIL SANDER
flagship stores opened in London and New York in 2002 have added to the fixed
costs of the Group.
As a consequence, the JIL SANDER Group posted a net loss of Euro 26.3 million in
2002 compared to Euro 10.7 million in 2001.
Sales of JIL SANDER AG have decreased from Euro 90.7 million in 2001 to Euro
84.4 million last year. The net loss of JIL SANDER AG amounted to Euro 30.6
million in 2002 compared to Euro 1.8 million in the previous year.
The company plans to distribute a dividend to the holders of its preferred
shares of Euro 1.30 per share.
The Board of Directors does not forecast significant growth of JIL SANDER
Group’s and JIL SANDER AG’s net result in 2003. A noteworthy improvement of both
sales and the net result is expected once the political and economic turmoil
currently present in the global context is resolved.
end of ad-hoc-announcement (c)DGAP 11.04.2003
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WKN: 716403; ISIN: DE0007164030; Index:
Listed: Amtlicher Markt in Frankfurt (General Standard) und Hamburg; Freiverkehr
in Stuttgart
112006 Apr 03
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