21.06.2021 Adler Modemärkte AG  DE000A1H8MU2

DGAP-Adhoc: Adler Modemärkte AG: ADLER expects to receive irrevocable offer to conclude an investor agreement - full reduction of share capital to zero envisaged


DGAP-Ad-hoc: Adler Modemärkte AG / Key word(s): Financing
Adler Modemärkte AG: ADLER expects to receive irrevocable offer to conclude an investor agreement - full reduction of share capital to zero envisaged

21-Jun-2021 / 20:13 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Haibach (near Aschaffenburg), 21 June 2021: The management board of Adler Modemärkte AG (ISIN DE000A1H8MU) (the "Company") has taken notice of rumours that the Company will get a new investor with the logstics expert Zeitfracht.
The Company confirms that it is in advanced negotiations with Zeitfracht Logstik Holding GmbH, Berlin ("Zeitfracht" or "Investor"), and confident to obtain an irrevocable offer from Zeitfracht to conclude an investor agreement shortly. This will be an important step towards the restructuring of the Company, on which ADLER has been working intensively since 12 January 2021 as part of insolvency proceedings in self-administration. The acceptance of such an offer, however, will still be subject to the opening of insolvency proceedings, which the Company expects to take place on 1 July 2021. The Company assumes that it will be able to sign the investor agreement immediately after opening of the insolvency proceedings. Execution and implementation of the investor agreement will still be subject to the usual reservations. The Company is aiming to file an insolvency plan with the court after the opening of the insolvency proceedings on 1 July 2021. Based on current planning, the insolvency plan is then to be submitted to the creditors' meeting for a vote by the end of July 2021. It is expected that the insolvency plan will stipulate, among other things, a capital decrease in form of a reduction of the share capital of Adler Modemärkte AG to zero and an subsequent injection of new equity in the form of a capital increase by the Investor, which thereby will become Adler's sole shareholder. Thus, the existing shares of the Company will in all likelihood lose their value entirely. With the capital reduction becoming effective, the Company's shares will also be delisted. Ideally, the Company will be able to conclude the insolvency proceedings as early as the end of August 2021.


Information and Explanation of the Issuer to this News:

Press enquiries Adler Modemärkte AG:
Peter Dietz
Media and Investor Relations
Tel.: +49 6021 633 1828
e-mail: [email protected]

About Adler Modemärkte AG:
Adler Modemärkte AG, headquartered in Haibach near Aschaffenburg, Germany, is one of Germany's
largest and most important textile retailers.The Group generated revenue of €495.4 million and EBITDA
of €70.3 million in 2019. As at 31 December 2019, ADLER employed a workforce of around 3,600 and
currently operates 172 stores, 143 of which are located in Germany, 24 in Austria, three in Luxembourg,
two in Switzerland, plus an online shop. The Company focuses on large-space concepts offering in
excess of 1,400 m2 of retail space. With its many own brands and select external brands, ADLER offers
a highly diverse product range. Thanks to more than 70 years of tradition and strong customer loyalty,
ADLER considers itself to be the market leader within its target group of affluent customers aged 55 and
over. For more information: www.adlermode-unternehmen.com; www.adlermode.com

21-Jun-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language: English
Company: Adler Modemärkte AG
Industriestraße Ost 1-7
63808 Haibach
Phone: +49 (0) 6021 633 0
Fax: +49 (0) 6021 633 1299
E-mail: [email protected]
Internet: www.adlermode.com
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1210356

End of Announcement DGAP News Service

1210356  21-Jun-2021 CET/CEST


Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023
Umsatzerlöse1 0,00 0,00 0,00 0,00 0,00 0,00 0,00
EBITDA1,2 0,00 0,00 0,00 0,00 0,00 0,00 0,00
EBITDA-Marge3 0,00 0,00 0,00 0,00 0,00 0,00
EBIT1,4 0,00 0,00 0,00 0,00 0,00 0,00 0,00
EBIT-Marge5 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Jahresüberschuss1 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Netto-Marge6 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Cashflow1,7 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Ergebnis je Aktie8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Dividende8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de


WKN Kurs in € Einschätzung Börsenwert in Mio. €
0,000 0,00
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
0,00 0,00 0,00 0,00
0,00 0,00 0,00 0,00
Dividende '22 in € Dividende '23 in € Div.-Rendite '23
in %
0,00 0,00 0,00
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
0,00% 0,00% 0,00% 0,00%
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