Logistics Group - Zeitfracht wants to sell its stake in Adler Modemärkte
The Zeitfracht-Group took over the fashion retail chain in 2021 out of insolvency. Adler, according to its own statements, operates over 130 stores in Germany and the German-speaking countries.
In 2023, Adler Modemärkte with headquarters in Haibach achieved a turnover of 296.7 million Euro, an increase of 11.9% compared to the previous year. The operating result before interest and taxes (Ebit) improved from minus 14.7 million to plus 0.5 million Euro, and the gross profit increased by 11.9% to 158.4 million Euro.
According to the company's statements, the turnover increased by two percent in the first quarter of this year. The gross profit was around six percent higher than the previous year's value. The company grew "continuously against the market trend" according to the 1948 founded company in April.
ad-hoc announcement Zeitfracht Press release Adler to 1st quarter Press release Adler Modemärkte to 2023 financial statement
- The change of ownership from the previous owners to Zeitfracht-Group in 2021 saved the fashion retail chain in Haibach, Bavaria, from insolvency.
- Despite the challenges faced in the retail trade sector, Adler Modemärkte, based in Haibach, Germany, saw a significant improvement in their financial performance in 2023.
- The logistics and supply chain management played a crucial role in the survival and growth of Adler Modemärkte, as the group managed to deliver time-sensitive 'time freight' from Berlin and other parts of Germany, which helped in maintaining the inventory and retail operations.
- While other retailers in Germany and the German-speaking countries struggled with the market trends, Adler Modemärkte in Kleinmachnow continued to grow, attributing it to their efficient supply chain and strategic business decisions.
- With the new ownership and focus on efficient logistics, Adler Modemärkte expanded its presence in the retail trade sector, with plans to open more stores in Bavaria and beyond, to cater to the fashion-conscious consumers in Germany.
