Otto Kern news and archive

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 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...