Company Notes
chronological
alphabetical
Renewables Analyser
HC Analyser
Research Disclaimer
Subscribe to VISCARDI Research
News Archive
Press Review & Publications

 

Research update: Adler Modemärkte AG

May 09, 2012



A German retailing institution

Adler Modemärkte is a general clothing and accessories retailer focused on older and larger-sized customers in German-speaking markets. Although a small group, it is well known and has a ...


...Subscribe to VISCARDI Research...






Research update: Adler Modemärkte AG

March 19, 2012



Financial report 2011

Last Friday, Adler published its annual report for 2011. Net revenues were ...


...Subscribe to VISCARDI Research...






Research update: Adler Modemärkte AG

March 05, 2012



Apparel retail

Financial highlights 2011 Adler published preliminary figures for 2011. Net revenues were ...


...Subscribe to VISCARDI Research...






Research update: Adler Modemärkte AG

January 13, 2012



Announcement of share buyback authorization

Share repurchase representing 11% of current market cap Adler announced yesterday that its supervisory board approved a share buyback program of up to €10mn, to be funded from ...


...Subscribe to VISCARDI Research...






Research update: Adler Modemärkte AG

December 14, 2011



Profit warning, yet long-term outlook still intact

Adler issues a profit warning for 2011

Adler issued a profit warning before the market opening, citing that 2011e earnings are expected to drop YoY owing to weak Christmas season, higher than ...


...Subscribe to VISCARDI Research...






Research update: Adler Modemärkte AG

December 02, 2011



Management change

Appointment of new CFO

Yesterday evening, Adler Modemärkte announced the departure of Jochen Strack, CFO of the company. We do not believe that Mr. Strack’s departure reflects negatively on the outlook for Adler, since he was ...


...Subscribe to VISCARDI Research...






Research update: Adler Modemärkte AG

November 08, 2011



Apparel retail

While market expectations already largely assumed yesterday’s muted Q3 report, the amount of the earnings ...


...Subscribe to VISCARDI Research...








Research update: Adler Modemärkte AG

September 27, 2011



Takeover of Wehmeyer

Takeover of 18 Wehmeyer stores
Late yesterday, Adler announced the takeover of 18 stores of Wehmeyer Lifestyle GmbH for a purchase price of approximately ...


...Subscribe to VISCARDI Research...






Research update: Adler Modemärkte AG

August 09, 2011



Good value and improving momentum

We reiterate our ***** rating and our PT of €*****
Since Adler is offering a good value and with improving momentum in the second half of the year, we reiterate our ***** rating and our price target of €***** per share, based on our three stage DCF valuation ...


...Subscribe to VISCARDI Research...






Initiation of Coverage: Adler Modemärkte AG

July 22, 2011



Apparel retail

We initiate coverage with a xxx rating and a price target of €x.x per share, based on our DCF valuation. Our price target is supported by a peer group model. We apply a ...


...Subscribe to VISCARDI Research...