Ahlers news and archive

Pierre Cardin and Ahlers AG fined 5.7 million euros

French fashion house Pierre Cardin and its largest licensee Ahlers AG are to be fined 5.7 million euros by the European Commission for anti-competitive agreements. Pierre Cardin must pay an amount of 2.23 million and Ahlers AG 3.5 million euros. The European Commission reported that between 2008 and 2021, the two concluded several...

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Pierre Cardin and Ahlers under investigation for possible EU competition breach

The European Commission has announced it has launched a formal antitrust investigation into Pierre Cardin and its licensee the Ahlers Group. The inquiry will assess whether the duo has breached EU competition rules by restricting cross-border and online sales of Pierre Cardin products, as well as the sale of products to specific customer groups....

Business

Ahlers expects lower full year sales but improved earnings

Ahlers has adjusted the revenue and earnings forecast for the full fiscal year 2020/21. The company said in a release that the course of the Covid-19 pandemic led to more extensive and longer-lasting Europe-wide containment measures in the second quarter than originally assumed. As a result, the company expects the lockdown-related revenue...

Business

Ahlers revenues decline by 56.3 percent in Q1

Ahlers Total group revenues in the first quarter of FY 2020/21 declined by 28.8 million euros or 56.3 percent at Ahlers Ag to 22.4 million euros. However, the company witnessed 20 percent growth rates in e-commerce revenues, mainly attributable to the company’s own online shops, which doubled their revenues. The company said in a statement that...

Business

Ahlers Q2 revenues decline by 58 percent

In the second quarter, revenues at Ahlers fell by 26.8 million euros or 58 percent to 19.5 million euros since between March and May, clothing stores across Europe had to be closed because of the coronavirus pandemic. The company said in a statement that revenues for the first six months fell by 33 percent or 34.6 million euros to 70.7 million...

Business

Ahlers posts 33 percent drop in H1 revenues

In the first six months of the current fiscal year, revenues at Ahlers Ag dropped by 33 percent to 70.7 million euros since due to the coronavirus pandemic, clothing retailers throughout Europe closed their stores between March and May 2020. The company said in a statement that a set of earnings and efficiency increasing measures as well as cost...

Fashion

Ahlers posts 13.2 percent drop in Q1 sales

Sales revenues in the first quarter of 2019/20 at Ahlers Ag, the company said, were mainly influenced by the discontinuation of sales of Pierre Cardin and Pioneer ladies’ trousers as well as Jupiter jackets, which sent sales revenues falling by 3.2 million euros or 5.4 percent. Moreover, the company added, delayed jeans deliveries amounted to...

Business

Ahlers withdraws sales and earnings growth forecast amid COVID-19 concerns

The management board of Ahlers Ag has announced withdrawal of the forecast for the fiscal year 2019/20 due to impact of the coronavirus situation on its business. The company said in a statement that major burdens are expected, which will reduce sales revenues and earnings in the current fiscal year. The company added that in the first quarter,...

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Ahlers' cost saving efforts boost Q3 earnings

Ahlers Ag has announced through a statement that the group’s third quarter revenues dropped by 5.1 percent or 2.9 million euros to 54.3 million euros (59.8 million dollars), primarily due to the discontinuation of activities. At 51.9 percent, the gross profit margin was on a par with the previous year, while operating expenses reduced by 8.5...

Business

Ahlers returns to profitability in the third quarter

Ahlers Ag has announced that third quarter earnings before taxes more than doubled to 2.2 million euros (2.4 million dollars), up 144 percent compared to 0.9 million euros in the previous year. The company said, this was mainly due to lower operating expenses as a result of the earnings and efficiency increasing measures as well as lower...

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Ahlers H1 revenues drop, expects to return to profit in 2020

Ahlers Ag has announced that sales revenues in the first six months of the fiscal year 2018/19 declined by 5 percent or 5.5 million euros to 105.3 million euros (118.7 million dollars). However, the company’s management board continues to expect consolidated earnings to grow at a high double-digit percentage rate but still be negative in...

Business

Ahlers posts revenue decline, loss widens

Ahlers Ag has said in a statement that group revenues for the first six months declined by 5 percent or 5.5 million euros (6.2 million dollars) to 105.3 million euros (120 million dollars), thus approaching the trend projected in the full-year forecast. The company added that due to extraordinary income recorded in the same period of the...