Dr. Scheller Cosmetics AG
DR. SCHELLER COSMETICS AG Return to positive result
Corporate-news announcement sent by DGAP.
The sender is solely responsible for the contents of this announcement.
——————————————————————————–
DR. SCHELLER COSMETICS AG Return to positive result
Eislingen/Fils, May 14, 2004 – From January to March, DR. SCHELLER COSMETICS AG
recorded gross sales of EUR 25,239 k (2003: EUR 26,744 k), which corresponds to
a drop of 6% compared to the prior-year period.
After sales deductions, which were however down by EUR 322 k or 5.3% compared to
the same quarter in 2003, net sales amounted to EUR 19,506 k (2003: EUR 20,689
k), which is 5.7% less than in the prior year.
In line with sales, the cash flow from operating activities and the net result
for the period both decreased in the first three months of 2004. Cash flow
amounted to EUR 633 k (2003: EUR 1,932 k), with a net result for the period of
EUR 151 k (2003: EUR 602 k).
EBIT for the first quarter of 2004 amounted to EUR 592 k (2003: EUR 1,132 k).
The main reason for the deterioration in the result was that the prior-year
figure was influenced by an increase in inventories in the spring of 2003, which
was necessary for the commissioning of the new production location, MANHATTAN
CENTER II, in the summer of 2003. Adjusted by this special effect, EBIT matches
the prior-year level.
The decline in sales in Germany due to the loss of a major customer was more or
less compensated for compared to the prior-year figure.
The Company expects moderate growth in the current fiscal year thanks to the
product campaign launched for the ‘young problem skin’ segment in the second
quarter of 2004.
At an international level, a change in ordering behavior and the entry of a new
competitor on the market in a neighboring western European country led to a 2.3%
decrease in sales as of March 31, 2004. However, other key foreign markets
continued to develop positively.
An extensive cost-cutting programme to increase profit in the long term was
developed over recent months and is currently being implemented.
Unfortunately this will inevitably lead to some downsizing in the near future.
If you have any queries, please contact:
DR. SCHELLER COSMETICS AG
Cornelia Banzhaf (IR and PR)
Schillerstr. 21-27
D-73054 Eislingen
Phone: +49 (0)7161-803-208
Fax: +49 (0)7161-803-300
E-mail: Cornelia.Banzhaf@dr-scheller-cosmetics.com
end of message, (c)DGAP 14.05.2004
——————————————————————————–
WKN: 720130; ISIN: DE0007201303; Index:
Listed: Amtlicher Markt in Frankfurt (Prime Standard) und Stuttgart; Freiverkehr
in Berlin-Bremen, Düsseldorf und München
140733 Mai 04
Aktuelle News
Aktuelle Berichte
Anstehende Events
Keine Events gefunden
Webcasts
Keine Webcasts gefunden