Goldrooster’s revenue and profit rise steeply in the first half of 2012 according to final figures

- Revenue increases by 47.5 percent to 69.1 million Euro in the first half of the year
- Strong growth accelerated by favourable currency effects
- Net profit rises to 10.3 million Euro compared to 7.8 million Euro in the previous year’s period, corresponding to 0.50 Euro per share
- Cash and cash equivalents up to 41.0 million Euro at the end of June 2012
- Positive trend expected to continue

Berlin, 30 August 2012 - Goldrooster AG (ISIN DE000A0AYYU6), the German holding company of Goldrooster Group, an operator of an innovative sports fashion brand specialising in apparel, footwear and accessories for the Chinese market, has recorded a considerable increase in the Group’s revenue and profit in the first half of 2012 according to final figures. The Company therefore confirms the published preliminary figures for the reporting period. Revenue increased by 47.5 percent, from 46.8 million Euro in the first half of the previous year to 69.1 million Euro in the first six months of 2012. The strong growth was accelerated by favourable currency effects. Gross profit went up by 49.1 percent to 19.2 million Euro in the first half of 2012 compared to the previous year’s figure of 12.9 million Euro. Earnings before interest and taxes (EBIT) amounted to 13.7 million Euro, one third up on 10.3 million Euro in the first half of 2011. Net profit also increased by almost one third and came to 10.3 million Euro compared to 7.8 million Euro in the previous year’s period. Based on the number of shares at the end of the reporting period, this corresponds to earnings per share of 0.50 Euro in the first half of 2012.

Cash and cash equivalents rose from 29.8 million Euro at the end of December 2011 to 41.0 million Euro at the end of June 2012, corresponding to an increase of 37.7 percent. The equity ratio amounted to 69.8 percent at the end of the reporting period compared to 67.5 percent at the end of 2011.

Goldrooster has an expansive sales network of 30 distributors in 18 provinces and over 170 cities in China. The Company increased its marketing and sales activities further in the first half of 2012 and successfully expanded its sales network to 1,454 retail outlets as a result, 253 more than at the end of June 2011 and 110 more than at the end of 2011.

Following its successful performance in the first half of 2012, Goldrooster expects this positive trend to continue in the further course of the year.

Goldrooster Group runs an innovative sports fashion label, specialising in apparel, footwear and accessories for the Chinese market. With the goal of delivering high quality products at attractive prices, it targets China's young and ambitious middle class ranging in age from 18 to 35. The company has been on a profitable growth path for years.

Further information about Goldrooster AG can be found on www.goldrooster.de

Contact:

edicto GmbH
Dr. Sönke Knop / Peggy Kropmanns
Eschersheimer Landstrasse 42
60322 Frankfurt, Germany
Phone: +49 (0)69 905505 51
E-mail: goldrooster@edicto.de

Disclaimer

This publication constitutes neither an offer to sell nor a solicitation to buy securities of Goldrooster AG. The shares have been offered solely by means of, and on the basis of, the published securities prospectus. The securities prospectus is available on the Company's website (www.goldrooster.de).

This document is not an offer of securities for sale or a solicitation of an offer to buy securities in the United States. The shares of Goldrooster AG ('Shares') have not been registered under the U.S. Securities Act of 1933, as amended ('Securities Act') and may not be offered or sold in the United States, unless registered under the Securities Act or according to an exemption from such registration. There will not be any public offering of the Shares in the United States and the Shares will not be registered under the Securities Act.

This document is only aimed at and is only distributed to (i) individuals outside the United Kingdom, or (ii) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 ('Order') or (iii) high net worth entities, and other individuals to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (together referred to as 'relevant persons'). The Shares are only available to, and any invitation, offer or agreement to subscribe, buy or otherwise acquire such securities will be engaged in only with, relevant persons. Any individual who is not a relevant person should not act or rely on this document or any of its contents.

This release was published on openPR.