Jil Sander AG
Jil Sander Group announces results of financial year 2006/07
Jil Sander AG / Final Results Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- JIL SANDER Group Announces 2006/07 Results Jil Sander Reaches Positive EBITDA Hamburg, May 8th, 2007 – The JIL SANDER Group announces today its financial results for 2006/07 fiscal year ended January 31, 2007. The Hamburg-based fashion house posted a significant improvement in EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) – an indicator of the profitability of the company’s operations. Jil Sander’s EBITDA was 4,3 million Euro for the financial year 2006/07 compared to negative -19,8 million Euro for the same period in 2005/06. This impressive result is in line with Jil Sander management’s business plan and is a direct consequence of the strong improvement of margins from 46 percent 2005/06 to 53 percent in 2006/07 and the comprehensive restructuring plan implemented over the past 24 months. The Group posted total revenues of 129 million Euro compared to 130 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 two flagship stores, as well as the unfavourable exchange rate development, especially US-Dollar and Yen. As a result, Jil Sander has been able to significantly shrink its net loss by more than 60% compared to the same period in the previous year. The Group’s loss for the financial year 2006/07 was –14,1 million Euro, compared to a –37,3 million Euro in the same period in 2005/06. Jil Sander management expects to see continued benefits from the Company’s new Retail Strategy, the expanding of its Retail network and the significant growing of its accessories business due to the newly established own accessory division. DGAP 08.05.2007 ---------------------------------------------------------------------- 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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