DGAP-Ad hoc: Steilmann SE

DGAP-Adhoc: Steilmann SE adjusts group forecast for 2015 due to weather conditions

Steilmann SE / Key word(s): Change in Forecast

16.12.2015 01:13

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

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Steilmann SE adjusts group forecast for 2015 due to weather conditions

Bergkamen, 16 December 2015 - Stock exchange listed Adler Modemärkte AG, a consolidated subsidiary of Steilmann SE (ISIN DE000A14KR50), announced on 15 December 2015 by way of ad hoc disclosure pursuant to § 15 WpHG that due to weather conditions the originally predicted EBITDA will not be reached. The unusual mild weather also affected the other group companies of Steilmann SE. As a result, the group revenues and earnings forecast of Steilmann SE needs to be adjusted. The forecast of Steilmann SE to grow revenues by a low-single digit percentage rate and to increase the adjusted EBITDA by a low-double digit percentage rate compared to the combined profit and loss account for 2014, as published in the IPO securities prospectus, will not be reached.

In fact, the company now expects revenues on previous year's level and an adjusted EBITDA of around EUR 40 million to EUR 45 million.

Contact

Reena Dennhardt Tel.: +49 (0)2389 - 783 165 Email: Dennhardt(at)Steilmann-SE.com

About Steilmann SE

Steilmann SE Group is one of the largest apparel companies in Germany by revenue. The family-owned company headquartered in Bergkamen (North Rhine-Westphalia) covers the entire value chain of the clothing industry, controlling all key processes from design and manufacturing to sales in its stores and those of its customers, as well as e-commerce operations. The group operates in a growing segment of the industry, focusing on the growing Best-Ager segment (45 plus). It's product portfolio consists of its own brands, such as Steilmann, Apanage, Kapalua, and Stones, as well as third-party brand apparel. Steilmann SE comprises the operations of Steilmann-Boecker Group, Steilmann Fashion Group and Apanage Fashion Group, as well as a joint indirect majority stake in Adler Modemärkte AG. The group's total revenues, including those of Steilmann Fashion Group and Apanage Fashion Group acquired at the end of last year, amounted to approximately EUR 896 million in 2014. In fiscal year 2014, Steilmann Group had over 8,300 employees worldwide, 58 per cent of whom were based in Germany. Its products are sold at more than 1,300 points of sale in 18 countries.

Admission: Regulated market (Prime Standard) of the Frankfurt Stock Exchange; ISIN: DE000A14KR50; WKN: A14KR5

Forward-looking statements

This publication may contain forward-looking statements based on current assumptions and forecasts made by Steilmann SE. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation or development of Steilmann SE and the estimates given here. Steilmann SE assumes no liability to update these forward-looking statements or to revise them in line with future events or developments.

Important notice

This publication does not constitute an offer to sell or solicitation of an offer to buy or subscribe for any securities. No public offer of securities of Steilmann SE has been or will be made to the public. Neither this publication nor any copy of it may be made or transmitted into the United States (including its territories or possessions, any state of the United States of America and the District of Columbia) (the "United States"), or distributed, directly or indirectly, in the United States.

16.12.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de

--------------------------------------------------------------------------- Language: English Company: Steilmann SE Industriestraße 42 59192 Bergkamen Germany Phone: +49 (0)23 89 783-0 Fax: +49 (0)23 89 783-112 E-mail: info@steilmann-se.com Internet: www.steilmann-se.com ISIN: DE000A14KR50, DE000A1PGWZ2, DE000A14J4G3, DE000A12UAE0 WKN: A14KR5, A1PGWZ, A14J4G, A12UAE Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange End of Announcement DGAP News-Service ---------------------------------------------------------------------------