According to Art. 17 MAR, the Management Boards of listed companies are obliged to publish without delay any facts which may potentially have an adverse or beneficial impact on the company’s share price.
The Management Board of Ahlers AG takes the stipulations of the Federal Securities Trading Supervisory Authority very seriously and is committed to responsible use of this instrument.
Adverse effects of coronavirus pandemic weigh heavily on the Group’s revenues and earnings in H1 2019/20. Business performance in Q2 2019/20 is nevertheless slightly better than expected at the start of the lockdown. Financial position remains stable as reflected in reduced net working capital, lower net financial debt and solid equity ratio.
Due to the coronavirus pandemic, clothing retailers throughout Europe have been ordered to close their stores. The Management Board therefore withdraws the forecast for the fiscal year 2019/20 published in the Annual Report for 2018/19. Major burdens are expected, which will reduce sales revenues and earnings in the current fiscal year.