Ahlers has adjusted the revenue and earnings forecast for the full fiscal year 2020/21. The company said in a release that the course of the Covid-19 pandemic led to more extensive and longer-lasting Europe-wide containment measures in the second quarter than originally assumed. As a result, the company expects the lockdown-related revenue shortfall of the first six months unlikely to be largely offset in the second half of the fiscal.
Group sales revenues in FY 2020/21 are now expected to be at best in the mid-single-digit percentage range below the prior year level of 151.6 million euros. The company added that the gross profit margin is likely to decline moderately in the full fiscal year compared to 47.3 percent in the previous year due to the aggressive marketing of old merchandise.
EBIT before one-time effects are expected to be below the previous year’s level of negative 12.4 million euros by a mid-single-digit million amount. In the full fiscal year, however, the company expects extraordinary income from stopgap aid granted by the government will lead to high…
