27.08.2014 FAST Casualwear AG  DE000A1PHFG5

DGAP-Adhoc: FAST Casualwear AG: Preparation of the half years financial statements


 
FAST Casualwear AG / Key word(s): Profit Warning 27.08.2014 10:58 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- During the preparation of the half years financial statements of Fast Casualwear AG it has shown yesterday that the result for the 2014 financial year will be significantly lower than planned due to changing market conditions. This will eventually have a negative impact on the financial position. In its annual report in April 2014, the company has forecasted the sales growth would be 15% - 20%, earnings before interest and taxes would be 16% - 19%. These forecasts must now be revised downwards. The company now expects that in 2014 the revenue is expected to decrease by 25% -30% compared to 2013. The margin before interest and taxes is forecasted 8% -10%. 27/08/2014 Fast Casual Wear AG The Executive Board 27.08.2014 The DGAP 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: FAST Casualwear AG c/o Kirchhoff Consult AG, Herrengraben 1 20459 Hamburg Germany Phone: Fax: E-mail: [email protected] Internet: www.fast-casualwear.com ISIN: DE000A1PHFG5 WKN: A1PHFG Listed: Regulierter Markt in Frankfurt (Prime Standard) End of Announcement DGAP News-Service ---------------------------------------------------------------------------