• Q1 net profit up 4.3% to EUR4.8m (US$6.3m)
  • Sales up 5.9% to EUR70.5m
  • Expects German clothing sector to pick up in autumn

Men’s wear manufacturer Ahlers had strong growth in its premium segment to thank for slight profit growth in the first quarter of fiscal 2011/12.

The German company’s 5.9% sales rise in the three months to 29 January was boosted by a 10.3% revenue rise for its premium segment, with all three brands, Baldessarini, Pierre Cardin and Otto Kern, experiencing strong growth.

Meanwhile, jeans and workwear revenues rose 3%, but men’s and sportswear, and Gin Tonic, both reported slight sales declines.

Ahlers said it expected sales revenues to grow “moderately” in the remainder of the fiscal year, adding: “We … believe that the consumer climate and sentiment in Germany will remain positive and expect sales from the German clothing retail sector to pick up in the autumn from the low level of the previous year.

“For the next three quarters, we project moderately declining and slightly increasing retail sales for Western Europe and Eastern Europe respectively.”