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DGAP-News: ESSANELLE HAIR GROUP AG / Key word(s): Quarter Results Essanelle Hair Group presents results after 9 months of 2013

11.11.2013 / 09:00

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Essanelle Hair Group presents results after 9 months of 2013

Sales revenue increases to EUR 96.0 million after EUR 94.3 million EBT ranges at EUR 3.0 million after EUR 3.7 million Forecast range expanded for the whole of 2013

Dsseldorf, 11.11.2013 - In the first nine months of 2013, Essanelle Hair Group AG was able to further increase sales compared to the same period of the previous year. After nine months, sales revenue increased by 1.8% to EUR 96.0 million after EUR 94.3 million in the corresponding period of 2012. Regarding the individual salon concepts, HairExpress improved sales by 5.6% from EUR 30.9 million to EUR 32.6 million. Super Cut also generated an increase of 1.8% from EUR 17.1 million to EUR 17.4 million. In the first nine months, the concept essanelle Ihr Friseur achieved EUR 40.4 million after EUR 41.0 million in the same period last year (-1.5%). With sales amounting to EUR 5.5 million, the Beauty Hair Shop concept specialises in the sale of exclusive hair care products and ranges 4.6% above the previous year's level of EUR 5.3 million.

The key figures of Essanelle Hair Group continue to range below the previous year's level. Earnings before taxes, interest, depreciation and amortisation (EBITDA) achieved EUR 6.5 million after EUR 7.3 million (-10.1%). After the first nine months of 2013, earnings before taxes (EBT) range at EUR 3.0 million after last year's figure of EUR 3.7 million (-18.7%). The result per share ultimately amounts to EUR 0.39 after EUR 0.49 in the previous year. As matters stand today, the company expects a sales growth of approximately 2% and earnings before taxes between EUR 5.0 and EUR 6.0 million - while expectations so far had been EUR 5.5 million to EUR 6.0 million.

Achim Mansen, CEO of Essanelle Hair Group AG: 'It is impossible to be more specific about the earnings projections for the whole of 2013. On the one hand, this is due to the traditionally high significance of Christmas sales, on the other hand, the effects of the minimum wage and corresponding price increases introduced in the past months turned out in very different ways. This makes a precise estimation for the year-end business difficult. But we do consider the current range of EUR 5.0 million to EUR 6.0 million to be very reasonable.'

Further details regarding the first nine months of 2013 are available at 25.11. in the Quarterly Report 3/2013 on the company's homepage http://www.essanelle-hair-group.com. Contact: Michael Mller, Stockheim Media, 02156-492 8266, mm@stockheim-media.com

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