Last €2.29 EUR
Change Today -0.028 / -1.21%
Volume 4.3K
As of 1:55 PM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

powerland ag (1PL) Snapshot

Open
€2.36
Previous Close
€2.32
Day High
€2.39
Day Low
€2.25
52 Week High
09/2/14 - €3.50
52 Week Low
01/20/14 - €1.60
Market Cap
34.4M
Average Volume 10 Days
2.7K
EPS TTM
€0.46
Shares Outstanding
15.0M
EX-Date
06/21/12
P/E TM
5.0x
Dividend
--
Dividend Yield
--
Current Stock Chart for POWERLAND AG (1PL)

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powerland ag (1PL) Details

Powerland AG, together with its subsidiaries, designs, manufactures, markets, and sells ladies’ bags, travel cases, and accessories in China and internationally. The company operates in two segments, Luxury and Casual. The Luxury segment primarily designs and distributes ladies’ handbags made of genuine leather under the Powerland brand. It also offers travel cases, wallets, and purses, as well as men's handbags, briefcases, and belts. As of December 31, 2013, this segment operated a retail network of 173 distribution stores and 41 self-operated stores. The Casual segment designs, manufactures, and distributes sporty and casual bags made of textile/fabric and synthetic leather under the Sotto brand. It also provides sport bags, backpacks, travel bags, laptop bags, tool bags, cooling bags, and accessories, such as wallets and purses. This segment sells its products to distributors, including wholesalers and trading companies; and as white label products to supermarkets and department stores. The company was founded in 2003 and is based in Frankfurt am Main, Germany. Powerland AG is a subsidiary of Guo GmbH & Co. KG.

2,038 Employees
Last Reported Date: 08/30/14
Founded in 2003

powerland ag (1PL) Top Compensated Officers

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Executives, Board Directors

powerland ag (1PL) Key Developments

Powerland AG, Q2 2014 Earnings Call, Aug 29, 2014

Powerland AG, Q2 2014 Earnings Call, Aug 29, 2014

Powerland AG Reports Unaudited Earnings Results for the Second Quarter and First Half of 2014

Powerland AG reported unaudited earnings results for the second quarter and first half of 2014. For the quarter, the company reported group revenue decreased by 29.3% to EUR 55.2 million against EUR 42.7 million a year ago. EBIT increased by 349.4% to EUR 7.7 million against EUR 1.7 million a year ago. Net profit increased by 377.4% to EUR 4.7 million against EUR 1.0 million a year ago. For the first half, the company reported group revenue decreased by 4.6% to EUR 94.5 million against EUR 90.4 million a year ago. EBIT decreased by 5.8% to EUR 11.4 million against EUR 12.1 million a year ago. Net profit decreased by 5.3% to EUR 8.1 million against EUR 8.6 million a year ago. Net cash flow from operating activities has increased from EUR -38.5 million in the first half 2013 to EUR 2.1 million in the first half 2014. This increase was mainly due to a more effective management over working capital in first half of 2014. Net debt was slightly reduced from EUR 44.3 million to EUR 44.0 million.

Powerland AG Reports Earnings Results for the First Quarter of 2014; Provides Earnings Guidance for the Year 2014

Powerland AG reported earnings results for the first quarter of 2014. For the quarter, revenues decreased to EUR 39.3 million from EUR 47.7 million for the same period a year ago, mainly due to a weaker performance of the Casual segment that could not be outbalanced by the positive signs from the Luxury segment. Earnings before interest and taxes (EBIT) decreased by 64.0% to EUR 3.8 million in the first three months of 2014 compared to EUR 10.4 million a year ago. Net profit was down 54.4% to EUR 3.5 million compared to EUR 7.6 million a year ago. Net cash flow from operating activities has increased from EUR 1.7 million in the first quarter 2013 to EUR 7.2 million in the first quarter 2014. As a consequence net debt could be reduced from EUR 44.3 million to EUR 37.5 million. The Management Board confirmed its already communicated cautiously optimistic outlook for 2014. The company anticipates that sales will see moderate growth in comparison to 2013 while Luxury segment's contributions to the group will be further enhanced. The operating expenses will be maintained at a similar level to 2013's so that earnings of 2014 are expected to be improved. The company does not plan any major capital expenditure apart from expenses associated with new store openings. Considering the prevailing uncertainties of market conditions, the company believes that 2014 will be a stabilizing year for both the market and the company.

 

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Industry Analysis

1PL

Industry Average

Valuation 1PL Industry Range
Price/Earnings 4.9x
Price/Sales 0.2x
Price/Book 0.2x
Price/Cash Flow 5.0x
TEV/Sales NM Not Meaningful
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