The presentations will be in 2 sessions: session 1 - To present its business strategy and operations update (11:15am - 12:45pm Central European Time); session 2 - To present about its products (2:00pm - 3:30pm Central European Time )

Esprit Holdings Ltd. reported turnover results for the nine months ended March 31, 2013. For the period, the company reported total turnover of HKD 20,272 million against HKD 23,997 million a year ago. The company announced that the group is expected to record a substantial loss in the second half of the financial year ending June 30, 2013 which would result in an overall substantial loss for the group in respect of the financial year ending June 30, 2013. The anticipated loss in the second half of the financial year ending June 30, 2013 is mainly due to the following non-recurring provisions and impairments resulting from management's assessment of the fair values of the assets of the group, as well as a larger than expected operating loss: Due to the current development of the company's China business, there is an impairment of the goodwill arising from the acquisition of the remaining interests of associated companies in China, estimated to be in the range of HKD 1,800 million to HKD 2,000 million; The provisions and impairments as a result of management's decision to additionally close around 16 loss-making stores, estimated to be in the range of HKD 250 million to HKD 300 million; Provision for onerous contracts made in accordance with IAS 37 in relation to approximately 44 loss-making stores' leases, estimated to be in the range of HKD 200 million to HKD 220 million; and Provision for onerous contracts made in accordance with IAS 37 in relation to approximately 44 loss-making stores' leases, estimated to be in the range of HKD 200 million to HKD 220 million; and Additional provision for inventory, estimated to be in the range of HKD 220 million to HKD 240 million, arising from a change in the estimation methodology to reflect more appropriately the net realizable value of aged inventories.

Esprit Holdings Ltd. reported unaudited consolidated cash flow results for the six months ended December 31, 2012. For the period, the company's net cash used in operating activities was HKD 1,142 million compared with HKD 907 million a year ago. Purchase of property, plant and equipment was HKD 475 million compared with HKD 499 million a year ago. As on December 31, 2012, the company's net debt was HKD 63 million.