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• Essanelle Hair Group presents figures for the first quarter
• Sales revenue increases from EUR 30.7 to EUR 30.9 million
• EBT of EUR 0.6 million, from EUR 0.3 million
Düsseldorf, 13 May 2011 – In the first quarter of 2011, Essanelle Hair Group AG was able to improve sales as well as earnings compared to the previous year. Sales revenue increased by 0.5%, to EUR 30.9 million compared to EUR 30.7 million in the first quarter of the previous year. Among the individual salon concepts, HairExpress continued to document large growth dynamics, with a growth of 10.4%, to EUR 9.1 million (previous year’s quarter: EUR 8.2 million). Super Cut generated EUR 5.2 million compared to EUR 5.1 million in the same period of the previous year. The essanelle Ihr Friseur concept generated EUR 13.8 million compared to EUR 14.6 million in the previous year. The TOP TEN brand generated EUR 1.2 million in the first quarter, from EUR 1.3 million. The Beauty Hair Shop concept, which specialises in the sale of exclusive hair care products, achieved previous year’s level with sales of EUR 1.6 million.
Essanelle Hair Group was also able to improve its earnings performance indicators throughout. Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) increased by 9.8%, from EUR 1.7 million in the previous year to EUR 1.9 million. After the first three months of 2011, Earnings Before Tax (EBT) also ranged above previous year’s figure, at EUR 0.6 million, from EUR 0.3 million. Finally, earnings per share amounted to EUR 0.07, from EUR 0.06 in the previous year.
Achim Mansen, Chief Executive Officer (CEO) of Essanelle Hair Group AG, said: “We are quite satisfied with the first quarter – especially considering the fact that this year’s Easter period fell in the second quarter. With an auspicious start like this to the financial year we remain confident that we are able to increase sales and earnings as predicted for the full year.“
You can find more details regarding the first quarter of 2011 in the Quarter Report Q1/2011, which can be found on the company’s website
Kontakt:
Haubrok Investor Relations
Michael Müller
+49-21 56-49 65 195
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