Adler expects to report Q2 EBITDA of 17.9 million euros

Adler Modemärkte AG has announced that the company achieved its projected earnings turnaround in the second quarter of the 2018 financial year. According to the preliminary figures, the company expects to report 17.9 million euros (20.8 million dollars) in EBITDA including the non-recurring negative effect of 0.8 million euros (0.9 million dollars). Quarterly revenue in the months of April through June amounted to 140.4 million euros (163 million dollars), down 3 percent year on year.