Jil Sander AG
JIL SANDER Group Announces 2006 First-Half Results
Ad hoc announcement transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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JIL SANDER Group Announces 2006 First-Half Results
JIL SANDER Posts Strong Improvement in EBITDA
Hamburg, September 14, 2006 – The JIL SANDER Group announces today its
financial results for the first half of the 2006/07 fiscal year ended July
31, 2006.
The Group posted total revenues of 65.9 million Euro compared to 69.8
million Euro for the same period in the previous year. The decrease in
revenues is largely due to changes in the distribution network, namely the
closure of three factory outlets and the relocation of a flagship store.
More significantly, the Hamburg-based fashion house posted a strong
improvement in EBITDA (Earnings before Interest, Taxes, Depreciation and
Amortization) – a gauge of the profitability of the company´s operations.
Jil Sander´s EBITDA was close to break-even during the six-month period
compared to negative 5.0 million Euro for the same period in 2005. This
impressive result is in line with Jil Sander management´s business plan and
is a direct consequence of the comprehensive restructuring plan implemented
over the past eighteen months.
As a result, Jil Sander has been able to significantly shrink its net loss
by more than half compared to the same period in the previous year. The
Group´s loss for February-July period was 3.9 million Euro, compared to a
9.7 million Euro loss in the same period in 2005.
Jil Sander management expects to see continued benefits from the Company´s
restructuring plan in the coming months and confirms that the Group will
reach its financial objective of positive operating EBITDA during the
current year.
(c)DGAP 14.09.2006
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Language: English
Issuer: Jil Sander AG
Christoph-Probst-Weg 4
20251 Hamburg Deutschland
Phone: 040-55302-113
Fax: 040-55302-160
E-mail: jacqueline_chevalier@jilsander.de
WWW: www.jilsander.de
ISIN: DE0007164030
WKN: 716403
Indices:
Listed: Amtlicher Markt in Frankfurt (General Standard), Hamburg;
Freiverkehr in Berlin-Bremen, Stuttgart
End of News DGAP News-Service
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