GERMANY: Ahlers H1 boosted by jeans growth
- H1 net profit up 70% to EUR1.7m
- Revenues rise 7.6% to EUR123.9m
- Premium and jeans driving growth
Rising revenues from jeans and premium brands helped German fashion group Ahlers to record strong profit growth in the first half of the company’s financial year.
Premium brands Baldessarini, Pierre Cardin and Otto Kern all contributed to premium revenue growth of 7.6% in the first six months of the year – in line with the company’s overall revenue increase.
Meanwhile, jeans and workwear outstripped this growth rate, with revenues up 14% to EUR34.8m (US$47.3m) in the period.
“We were able to grow strongly in the German market against the general industry trend,” said CEO Dr Stella Ahlers.
“We are also pushing ahead our international expansion, with store openings in Poland and the Baltics, for instance.”
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