Under Section 15 of the German Securities Trading Act (WpHG), 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. These Ad-hoc announcements are mandatory where the following conditions are in place:
- A new fact which was previously not publicly known has come to light.
- The fact has materialised in the issuer’s sphere of activity.
- The fact has real or potential implications for the issuer’s assets, financial position or general business trend.
- In light of the above, the fact may potentially have a considerable adverse or beneficial impact on the share price or, in the case of listed bonds, detract from the issuer’s ability to service these securities.
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.
Gin Tonic distribution activity to be discontinued at the end of 2015. Due to extraordinary charges resulting from this restructuring and due to stronger declines in business with Russia, Ahlers’ results for 2014/15 will decline much more sharply than expected. The latest half-year figures confirm the downward trend.
Sales revenues in Q1 2014/15 declined by 7 percent due to delayed and reduced deliveries to Russia and early deliveries in the previous year. The drop in sales revenues led to a 29 percent reduction in consolidated net income. The forecast for the fiscal year 2014/15 remains unchanged. Revenues and consolidated net income are expected to be stable to slightly lower.