Ahlers sales decline in Q2, cuts full year forecast

In a preliminary results announcement for its second quarter and first half, Ahlers Ag said that it witnessed an unexpected decline in revenues in the second quarter due to cancellation of orders from Eastern European customers and weak stock sales of suits and sportswear. Total first-half revenues were down by 5.5 percent to 110.8 million euros (128.7 million dollars) on the previous year, while EBITDA fell from 4.2 million euros (4.8 million dollars) to 2.7 million euros (3.1 million dollars), down 36 percent.