In line with planning, capital expenditure in the second half of the year will focus primarily on ESCADA, with the launch of an extensive modernization concept in the Group's own retail stores, which is scheduled for completion by 2007.
Outlook
As of the end of the first half, the ESCADA Group's performance remains entirely within expectations. Management therefore reconfirms its projections in full. For fiscal 2004-05 as a whole, management continues to expect that Group revenues in euros will grow slightly (2003-04: EUR 625.5 million), EBITDA will increase at least EUR 10 million (2003-04: EUR 47.3 million), and the Group's after-tax profit will increase more than proportionately (2003-04: EUR 3.8 million).
The ESCADA Group, an international company for women's luxury fashion, operates in more than 60 countries and is divided into the ESCADA brand and PRIMERA Group.
The ESCADA brand has three segments: Fashion (ESCADA Collection and ESCADA Sport), Accessories (handbags, shoes and small leather goods), and Licenses (fragrances, eyewear, ties, scarves, kids wear and jewelry). ESCADA stands for top-quality materials, exclusivity, fine crafting and best fit – as well as color and femininity.
marketing@alchempro.com
