Jil Sander AG
JIL SANDER SALES RISE IN FIRST-HALF 2004 vs. FIRST-HALF 2003
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 SALES RISE IN FIRST-HALF 2004 vs. FIRST-HALF 2003
JIL SANDER MANAGEMENT TRIMS OPERATING EXPENSES
Hamburg, August 5, 2004 – The JIL SANDER. Group’s sales rose by 4% in the first
six months of this year compared to the same year-ago period. The Group posted
first-half sales of Euro 65.4 million in the January-June period this year
compared to Euro 63.2 million in the same period in 2003. At constant exchange
rates, sales rose 5% for the first half of the year, increasing to Euro 66.0
million.
The rise in sales can be attributed to the overall improvement of the world
economic context as well as to the strength of the JIL SANDER spring/summer
collection. This collection was well received by clients and fashion critics
from all across the globe.
The management team has been successful in reducing operating expenses by 2% on
the year, with even further cost reductions expected in the future in this
ongoing process. Nonetheless, the final result for the six-month period, before
extraordinary operations, was negative for Euro 17.0 million, an improvement
compared to Euro 20.0 million for the same period in 2003.
The management board expects a further increase of sales in second half of this
year. In the medium term, the board expects a continued positive revenue trend
as orders for the coming season are significantly on the rise.
end of ad-hoc-announcement (c)DGAP 06.08.2004
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WKN: 716403; ISIN: DE0007164030; Index:
Listed: Amtlicher Markt in Frankfurt (General Standard) und Hamburg; Freiverkehr
in Stuttgart
060755 Aug 04
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