For the yr as a complete, Ahlers expects decrease gross sales, however improved earnings
Ahlers has adjusted the sales and earnings forecast for the full year 2020/21. The company announced in a statement that the course of the Covid-19 pandemic in the second quarter led to more extensive and longer-lasting Europe-wide containment measures than originally assumed. As a result, the company expects that the lockdown-related revenue shortfalls in the first six months will probably not be largely offset in the second half of the financial year.
Group sales in FY 2020/21 should at best be in the mid-single-digit percentage range below the previous year’s level of 151.6 million euros. Due to the aggressive marketing of used goods, the gross profit margin for the year as a whole is likely to decline moderately compared to 47.3 percent in the previous year.
EBIT before one-off items is expected to be a mid-single-digit million figure below the previous year’s level of minus 12.4 million euros. For the entire financial year, however, the company expects high positive one-off effects from extraordinary income from government emergency aid. As a result, earnings before and after income taxes should improve significantly more than previously expected.
The group result is expected to be negative again in the second Covid-19 year, but is about halved compared to the previous year’s value of minus 18.4 million euros, the company announced.
Ahlers sales fell by 16.1 percent to 59.3 million euros in the first half of the year due to lockdowns. The reduced operating expenses of minus 7.3 percent could not fully compensate for the decline in gross profit. State bridging aid was the main reason for the high positive one-off effects amounting to 9.1 million euros, which improved the group result to minus 4.1 million euros after minus 9.4 million euros in the same period of the previous year.