Ahlers news and archive

Pierre Cardin and Ahlers under investigation for possible EU competition breach

The European Commission has announced it has launched a formal antitrust investigation into Pierre Cardin and its licensee the Ahlers Group. The inquiry will assess whether the duo has breached EU competition rules by restricting cross-border and online sales of Pierre Cardin products, as well as the sale of products to specific customer groups....

Business

Ahlers withdraws sales and earnings growth forecast amid COVID-19 concerns

The management board of Ahlers Ag has announced withdrawal of the forecast for the fiscal year 2019/20 due to impact of the coronavirus situation on its business. The company said in a statement that major burdens are expected, which will reduce sales revenues and earnings in the current fiscal year. The company added that in the first quarter,...

BusinessFeatured

Ahlers' cost saving efforts boost Q3 earnings

Ahlers Ag has announced through a statement that the group’s third quarter revenues dropped by 5.1 percent or 2.9 million euros to 54.3 million euros (59.8 million dollars), primarily due to the discontinuation of activities. At 51.9 percent, the gross profit margin was on a par with the previous year, while operating expenses reduced by 8.5...