26.11.2013 Firstextile AG  DE000A1PG8V8

DGAP-News: Firstextile AG confirms figures for the first nine months 2013


 
DGAP-News: Firstextile AG / Key word(s): 9-month figures Firstextile AG confirms figures for the first nine months 2013 26.11.2013 / 11:58 --------------------------------------------------------------------- Firstextile AG confirms figures for the first nine months 2013 - Revenue of EUR 153.8 mn marks nine months record revenue in the company's history - Increasing earnings before interest and tax (EBIT) and strong EBIT margin of 21.4% - Confirmation of full year forecast with revenue of EUR 204 mn - EUR 221 mn and EBIT margin of 20% - 24% Frankfurt, 26 November 2013 - Today Firstextile AG (FT8) has published its final financial figures for the first nine months of 2013 and thereby confirms the preliminary figures already announced two weeks ago. The complete report on the final results for the first nine months of 2013 is available on the company's website at www.firstextile.de, within the 'Investor Relations' area. Company profile Firstextile is the leading manufacturer of high-end yarn-dyed fabrics in the Chinese market with a market share of 9% in terms of volume in 2011. It also markets fabrics and shirts specifically designed for uniforms used by Chinese government institutions and enterprises, as well as its own branded men's wear for the Chinese premium market segment. The company operates modern production facilities in Jiangyin near Shanghai, China, which is one of the main centres of the Chinese textile industry, and it focuses particularly on high product-quality. Net proceeds from the successful completion of the IPO in November 2012, will primarily be used to double annual production capacity from the current 36 million metres to 72 million metres by the mid of next year. End of Corporate News --------------------------------------------------------------------- 26.11.2013 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's 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: Firstextile AG Lyoner Str. 14 60528 Frankfurt am Main Germany Phone: +49 (0) 69 6655 4416 Fax: +49 (0) 69 6655 4418 E-mail: [email protected] Internet: www.firstextile.de ISIN: DE000A1PG8V8 WKN: A1PG8V Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 241710 26.11.2013