euro adhoc: ESCADA AG / quarterly or semiannual financial statement / ESCADA Group's performance for 1st Quarter 2007/2008 weak as expected

--------------------------------------------------------------------------------
Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
--------------------------------------------------------------------------------

3-month report

29.02.2008

Munich, February 29, 2008 - As expected and already communicated,
ESCADA Group recorded a weak performance in the first quarter of
fiscal year 2007/2008 (reporting date: January 31). Sales of the
women's luxury fashion manufacturer totaled 142.1 million Euros, a
drop of 11.8% on the same period of last year (161.2 million Euros).
Currency-adjusted the minus came to 9.1%. Operative earnings before
interest, taxes, depreciation and amortization (EBITDA) came to 6.8
million Euros (2006/2007: 21.6 million Euros; -68.5%) Consolidated
earnings after taxes and minority interests came to -3.9 million
Euros (Q1 2006/2007: 6.9 million Euros).

Next to the effects from foreign currency translation, the first
three months business performance was affected above all by the well
documented weak response to the Fall/Winter collections 2007, which
had already started to impact the Group negatively in Q4 2006/2007.
In addition, the first quarter was affected by delivery shifts of
strong product groups for the Spring/Summer collections 2008 into the
second quarter. Another factor was the launch of the new Cruise
collection for ESCADA Sport, which has been already shipped at the
end of the fourth quarter 2006/2007. The PRIMERA business unit also
recorded an unsatisfactory operative business performance, especially
at apriori and BiBA, which were both affected by weak response to
their Fall/Winter collections 2007.

The ESCADA business unit generated sales of 96.6 million Euros in the
first quarter (Q1 2006/2007: 111.5 million Euros, -13.4%, currency
adjusted: -9.4%). EBITDA totaled at 5.6 million Euros (Q1 2006/2007:
16.0 million Euros). The PRIMERA business units (with the brands
apriori, BiBA, cavita, Laurèl) saw sales down by 7.9% to 52.2 million
Euros (Q1 2006/2007: 56.7 million Euros) with EBITDA at 1.2 million
Euros (Q1 2006/2007: 5.6 million Euros).

For the full fiscal year the Board of Management confirms its
forecast of December 20, 2007 and is targeting growth rates in the
lower single-digit percentage range for consolidated sales and Group
EBITDA as well as a positive result after taxes. This estimate is
based on a moderate business performance during the first six months
and a more dynamic development in the second half of the year given a
7% increase in order intakes for the Fall/Winter collections 2008
year-on-year. The outlook is based on the assumption that the
economic environment does not deteriorate significantly.

end of announcement euro adhoc
--------------------------------------------------------------------------------

ots Originaltext: Escada AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Viona Brandt

Phone: +49 - 89 - 99 44 13 36

viona.brandt@de.escada.com

Branche: Clothing
ISIN: DE0005692107
WKN: 569210
Index: SDAX, CDAX, Classic All Share, Prime All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / regulated dealing