Adler Modemärkte news and archive

Adler Modemärkte downgrades FY18 revenue forecast

In light of the extraordinarily hot and long summer as well as downbeat industry expectations for the holiday season, Adler Modemärkte AG had revised downward its forecast for 2018 overall as reported in the 2017 Annual Report. The management now expects revenue for the overall year to be down year on year at 525.8 million euros (601 million...

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Adler Modemärkte Q1 sales decline 5.5 percent

Adler Modemärkte AG started the 2018 financial year with a decline in sales and earnings. The company said, against the background of a continued weak industry environment, sales amounted to 102.7 million euros (122.5 million dollars), 5.5 percent below the previous year's level. On a like-for-like basis, the decline was 6.2 percent. Gross...