Adler Modemaerkte AG2019年年度报告.pdf

1、ADLER ANNUAL REPORT 20191 We deliver!ANNUAL REPORT 2019ADLER ANNUAL REPORT 20192 ADLER ANNUAL REPORT 2019Change 2019 to 201820182019absolutrelativeRevenue million507.1495.4 11.7 2.3%Gross profit million277.3275.9 1.4 0.5%Gross profit margin54.7%55.7%+100 bpEBITDA million68.8*70.31.52.2%EBIT million2

2、1.0*24.53.516.7%Net income from operations million2.6*7.95.3 100%Consolidated profit for the year million0.4*5.14.7 100%Earnings per share0.02*0.280.3 100%Cash flows Net cash flows from operating activities million39.9*61.721.854.6%Free cash flow million33.9*57.423.569.3%Total assets million415.9*40

3、9.4 6.5 1.6%Cash and cash equivalents million54.970.115.227.7%Equity million61.6*66.14.57.3%Equity ratio14.8%*16.1%+1.3 ppNumber of employees as of December 313,7863,612 174.0 4.6%Total number of stores178172 6*adjustedaccordingtoIFRS16regulationsapplicablefrom2019FINANCIAL HIGHLIGHTS 2019GROSS PROF

4、IT MARGININ%20172018201953.654.755.7FREE CASH FLOWIN MILLION2018201933.957.4+69%2 ADLER ANNUAL REPORT 20193 ADLER ANNUAL REPORT 20193 COMPANY05 INTERVIEW WITH THE EXECUTIVE BOARD09 WE DELIVER!22 REPORT OF THE SUPERVISORY BOARD26 SUPERVISORY BOARD27 ADLER SHARES30 CORPORATE GOVERNANCE REPORTCONSOLIDA

5、TEDFINANCIALSTATEMENTS61 CONSOLIDATED INCOME STATEMENT62 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME63 CONSOLIDATED STATEMENT OF FINANCIAL POSITION65 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY66 CONSOLIDATED STATEMENT OF CASH FLOWS67 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS AT 31 DECEMB

6、ER 2019112 RESPONSIBILITY STATEMENT113 INDEPENDENT AUDITORS REPORT118 FURTHER INFORMATIONGROUPMANAGEMENTREPORT36 SIGNIFICANT EVENTS DURING THE FINANCIAL YEAR36 BUSINESS&GENERAL CONDITIONS38 GENERAL ECONOMIC ENVIRONMENT39 DEVELOPMENT AND ANALYSIS OF REVENUE40 FINANCIAL PERFORMANCE41 FINANCIAL POSITIO