Ahlers expects restructuring measures to boost earnings in 2020

In the fiscal year 2018/19, Ahlers Ag said that the group’s revenues were influenced by two major factors - discontinuation of sales of Jupiter jackets as well as Pierre Cardin and Pioneer ladies’ trousers, which resulted in sales revenues falling 6 million euros. Moreover, the company added, declining sales of suits, blazers and outdoor jackets and other operations’ inability to defy the declining market trend sent group sales revenues in the fiscal year 2018/19 falling by 16.1 million euros or 7.2 percent to 207 million euros (227.7 million dollars). The company has projected higher consolidated earnings for 2019/20, with EBIT expected to be positive before and after one-time effects.