Jil Sander AG
JIL SANDER GROUP ANNOUNCES 2004/05 FINANCIAL RESULTS
Ad hoc announcement §15 WpHG
FINANCIAL RESULTS 2004/05
JIL SANDER GROUP ANNOUNCES 2004/05 FINANCIAL RESULTS
Ad hoc announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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— JIL SANDER GROUP ANNOUNCES 2004/05 FINANCIAL RESULTS —
Full-Year 2004 Revenues Rise to 137.5 Million Euro, Up 10% vs. 2003
Hamburg, May 4, 2005 – The Supervisory Board of JIL SANDER AG met today and
approved the financial results of JIL SANDER AG for 2004 and for the shortened
financial year from January 1 – 31, 2005.
JIL SANDER Group 2004 revenues rose by 10% for the twelve-month period to
137.5 million Euro compared to 124.9 million Euro in 2003, thanks, in
particular, to noteworthy growth in the Group”s retail outlets in Germany and
other European markets.
In 2004, the Group shifted the end of its fiscal year to January 31 from
December 31. Therefore, revenues for the 13-month period ended January 31,
2005 amounted to 153.1 million Euro.
The impact, though, of an adverse exchange-rate environment combined with
store operating expenses and product development costs weighed on the Jil
Sander accounts. As a result, the Group posted a loss at the end of the 2004
fiscal year ended January 31, 2005 of 29.6 million Euro.
The management team expects the loss to diminish in 2005 with the
implementation of cost-control measures and an aggressive restructuring plan
aimed at increasing efficiency in all areas of the company, including
production, logistics and the retail network.
Jil Sander AG revenues amounted to 89.3 million Euro in 2004 while its net
loss was 34.6 million Euro.
“Last year was certainly a difficult year from the Group; however, we are
taking the necessary steps in terms of organizational restructuring and cost
control to bring Jil Sander back to profitability,” said Gian Giacomo
Ferraris, Chief Executive Officer of the JIL SANDER Group. “Our goal is to
continue to grow the top-line through our core ready-to-wear business but also
through increased licensing revenues, widening our accessories range and
selectively expanding our distribution network.”
Jil Sander AG
Osterfeldstraße 32-34
22529 Hamburg
Deutschland
ISIN: DE0007164030
WKN: 716403
Listed: Amtlicher Markt in Frankfurt (General Standard) und Hamburg;
Freiverkehr in Stuttgart
End of ad hoc announcement (c)DGAP 04.05.2005
042101 Mai 05
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