Ahlers AG news and archive

Ahlers posts 30 percent drop in Q3 sales

The revenue trend of the first half of the year at Ahlers Ag continued at a slower pace, which was down 33 percent and in the third quarter, the group’s sales revenues declined by 30 percent to 38.2 million euros, while sales revenues declined by 32 percent or 50.7 million euros to 108.9 million euros in the first nine months. The company added...

Business

Ahlers to cut 80 staff positions to reduce cost

Ahlers Ag has announced that the company will reduce around 80 employees, thereof about 65 in Germany, across all areas and hierarchical levels. The company said in a statement that in addition to a few individual measures for reorganization, the measures particularly include the relocation of logistics services and the Pionier workwear model...

BusinessFeatured

Ahlers expects restructuring measures to boost earnings in 2020

In the fiscal year 2018/19, Ahlers Ag said that the group’s revenues were influenced by two major factors - discontinuation of sales of Jupiter jackets as well as Pierre Cardin and Pioneer ladies’ trousers, which resulted in sales revenues falling 6 million euros. Moreover, the company added, declining sales of suits, blazers and outdoor jackets...

Business

Sincere Group to retail Baldessarini in the Benelux region

Starting January 1, 2020, Ahlers Ag said in a statement, the Sincere Group has taken over the distribution for Baldessarini in the Benelux countries. In January, the brand’s first range to be retailed by the company would comprise of autumn/winter collection at its showroom in Halfweg. The Sincere Group was founded by Michel van der Linden,...

Business

Ahlers sales decline 5.5 percent in H1

Consolidated sales revenues at Ahlers Ag dropped by 6.5 million euros (7.6 million dollars) or 5.5 percent to 110.8 million euros (130 million dollars) in the first six months of 2017/18. However, jeans revenues generated by Pierre Cardin and Pioneer Authentic Jeans, Ahlers said, increased by 2.8 and 2.2 percent, respectively. The company added...

Business

Ahlers reports FY17 earnings below expectations

According to the preliminary figures, consolidated earnings after taxes at Ahlers Ag for the full year were the company said below expectations at 1.9 million euros (2.3 million dollars) due to increased expenses and lower gross profit margin. The company increased its sales revenues by 5.7 percent in the fourth quarter despite discontinuation...