DGAP-News: Adler Modemärkte AG: Q1 Heavily Influenced by COVID-19 Pandemic
This is reflected in revenue, which fell year on year by 26.3% to 73.2 million (3M 2019: 99.3 million).
- This is reflected in revenue, which fell year on year by 26.3% to 73.2 million (3M 2019: 99.3 million).
- Nevertheless, with a 23.7% like-for-like decrease in revenue, ADLER fared better than other companies in the industry, which saw declines of 26.0%.
- During the quarter under review, two stores (Marl and Neunkirchen) were closed and one ADLER store was opened in Schwbisch Hall.
- In light of the existing uncertainties, ADLER is at this time not issuing a new forecast for the 2020 financial year.