Adler plans store closures to drive sales and profitability

Adler has said that the company’s performance in the 2018 financial year was in line with the forecast as adjusted in November 2018. Consolidated revenue amounted to 507.1 million euros (573.9 million dollars), down 3.6 percent on the previous year, while EBITDA of 20.7 million euros compared to 32 million euros in 2017, was reported. However, the company added that adjusted for non-recurring items, EBITDA increased from 25.4 million euros to 26.2 million euros. Adler reported a net loss after taxes of 2.5 million euros (2.8 million dollars) against net profit of 3.9 million euros in 2017, while in the fourth quarter profit after tax rose from 10.9 million euros to 12.2 million euros (13.8million dollars).