DGAP-News: Firstextile AG / Key word(s): Preliminary Results Firstextile AG slightly outperformed 2014 guidance 26.02.2015 / 08:19 --------------------------------------------------------------------- Firstextile AG slightly outperformed 2014 guidance - Record revenue level at EUR 216.0 m based on preliminary figures of 2014 - High profitability: EBIT margin remains strong at 19.1% - Launch of operations of the new production site planed in the middle of 2015 - Share buyback offer launched for up to 354,000 Firstextile shares Frankfurt, 26 February 2015 - Based on preliminary figures for the full financial year of 2014, Firstextile AG (FT8) achieved an increase of 7.8% in revenue resulting in the highest revenue level in its history. The company's strong EBIT margin of 19.1% underlines the high profitability of its business model. The launch of operations of the new plant is planed in the middle of 2015 and will drive forward sustainable growth of the company. In the financial year of 2014, Firstextile's revenue amounted to EUR 216.0 million compared to EUR 200.3 million in the previous year. This increase was due to higher revenue in the two segments Fabrics and Uniforms that over-compensated the decrease in the Branded Products segment resulting from the unfavourable economic environment for the corporate gift business as an important part of this segment. As a result, the management guidance for overall revenue for the full financial year of 2014 amounting to between EUR 190 million and EUR 210 million has been exceeded. Gross profit in the financial year of 2014 increased by 1.8% to EUR 65.9 million (2013: EUR 64.8 million) and thus gross profit margin of 30.5% still remained on a high level. Earnings before interest and tax (EBIT) amounted to EUR 41.3 million (2013: EUR 41.6 million). The EBIT margin of 19.1% remained at a strong level (2013: 20.8%) and was slightly above the 2014 EBIT guidance of between 16.0% and 18.0%. The slight drop in margin yoy is due to an increase in distribution and selling expenses as well as spendings on research and development (R&D) underlining the great importance of R&D for Firstextile's business. "We are very pleased about our successful business development during the financial year of 2014. Once again we achieved a record revenue level and remained very profitable with an EBIT margin of above 19%," Fred Yang, founder and CEO of Firstextile, comments. "In addition, we launched a share buyback offer for up to 354,000 shares, which corresponds to up to 3 per cent of our current share capital." The offer price amounts to EUR 8.00 per share and includes a premium of approximately 8.4% on the reference stock quote. The period for accepting the offer will end on Wednesday, 10 June, 2015 at 12:00 o'clock (CET). In the financial year of 2014, Firstextile has driven forward several measures for a sustainable growth of the company in the future. The construction of Firstextile's new plant is now in its final stage. The first batch of machineries will be installed in the first quarter of 2015. Thus the new plant is expected to begin operation in the middle of 2015 with the aim to double production capacity. The guidance for the current financial year of 2015 will be published together with the annual report. The full annual report for the financial year 2014 will be available at the company's website (www.firstextile.de), within the "Investor Relations" area, starting from 29 April 2015. Please find following an overview of the preliminary financial information (in EUR m):

                                2014                  2013         Change
Revenue Group Total             216.0                 200.3        +7.8%
Gross Profit Group Total        65.9                  64.8         +1.8%
EBIT                            41.3                  41.6         -0.8%
EBIT margin                     19.1%                 20.8%        -1.7 pp

Company profile Firstextile is the leading manufacturer of high-end yarn-dyed fabric in the Chinese market with a market share of approx. 9% in terms of volume in 2011. It also markets fabric and shirts specifically designed for uniforms used by Chinese government institutions and enterprises, as well as its own branded men's shirts with the brand "Firstextile" for the wholesale business. 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. As the company already operates almost at its maximum capacity it plans to use the net proceeds from the successful completion of the IPO in November 2012 and further cash flows to double the current after-finishing capacity of 36 million meters to 72 million meters in order to meet future demand. At the same time, weaving capacity is intended to be expanded from short of 11 million meters to 27 million meters and dyeing capacity from 7,900 tons to 15,800 tons. --------------------------------------------------------------------- 26.02.2015 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. 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: 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: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 327053 26.02.2015