euro adhoc: ESCADA AG / Financial Figures/Balance Sheet / First nine months of ESCADA's fiscal year 2007/2008 characterized by weaker economy and reorientation of the Group

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9-month report

23.09.2008

Munich, September 23, 2008 - During the first nine months of fiscal
year 2007/2008 the ESCADA Group generated sales of 430.4 million
Euro, a drop of 14.1% from the same period one year ago (501.3
million Euro). Currency-adjusted the minus came to 11.4%. Declining
sales are primarily due to heightened consumer restraint in key
markets, which in turn is the result of a further worsening of
economic conditions in the third quarter.

The business unit ESCADA generated nine months sales totaling 290.1
million Euro (vs. first nine months of 2006/2007: 339.9 million Euro,
-14.7%). Sales of the PRIMERA business unit, which is highly
dependent on the German market, came to 155.3 million Euro and were
thus 13.1% short of last year's level (vs. first nine months of
2006/2007: 178.8 million Euro).

The Group´s earnings before interest, taxes, depreciation and
amortization (EBITDA) came to 21.2 million Euro after nine months
(2006/2007: 53.1 million Euro). Earnings were almost entirely
generated by the ESCADA business unit, which contributed a share of
19.7 million Euro (vs. first nine months of 2006/2007: 36.8 million
Euro). The EBITDA of PRIMERA fell to 1.5 million Euro (vs. first nine
months of 2006/2007: 16.3 million Euro). For the first three quarters
ESCADA Group reports a pre-tax result of -14.7 million Euro (same
period of last year: 18.3 million Euro). This includes one-time
expenses from restructuring in the amount of net 2.8 million Euro
(same period of last year: 6.7 million Euro). After taxes and
minority interests, the Group showed a loss of 19.5 million Euro for
the first three quarters (vs. first nine months of 2006/2007: -4.1
million Euro).

The Group's third quarter sales were down to 134.6 million Euro (Q3
2006/2007: 157.0 million Euro; -14.3%). EBITDA came to 1.9 million
Euro (Q3 2006/2007: 15.5 million Euro).

Following the two cash capital increases in the third quarter, which
generated a cash-in of net 50.5 million Euro, the ESCADA Group
reported higher equity of 117.9 million Euro per July, 31, 2008
(October 31, 2007: 81.3 million Euro). The economic equity ratio
improved to 26.2% (October 31, 2007: 19.5%).

For the full fiscal year 2007/2008 the Board of Management expects
Group sales to decrease in line with the trend of the first three
quarters. Given the persistent worsening of the market environment,
the consolidated EBITDA is expected to be around 23 to 26 million
Euro. From today´s perspective the Group's result after taxes is
expected to be negative at least in the amount of the previous year.

Contact:
ESCADA AG
Volker Heilmann
Phone: +49 - 89 - 99 44 - 18 73
Mail: volker.heilmann@de.escada.com

end of announcement euro adhoc
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ots Originaltext: Escada AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Volker Heilmann

Tel: +49 (0) 89 9944 1873

e-mail: volker.heilmann@de.escada.com

Branche: Clothing
ISIN: DE0005692107
WKN: 569210
Index: SDAX, CDAX, Classic All Share, Prime All Share
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