Adler Modemärkte reports EBITDA of 20.7 million euros

Adler Modemärkte Ag has reported EBITDA of 20.7 million euros (23.4 million dollars) compared to 32 million euros (36.3 million dollars) in its preliminary results statement. The company said, it succeeded in meeting the forecast figures, which had been adjusted in November 2018, despite the persistently weak conditions on the German retail textiles market. From operating standpoint, i.e., adjusted for non-recurring items, the company added, EBITDA rose slightly from 25.4 million euros (28.8 million dollars) to 26.1 million euros.