Adler Modemärkte AG announced earnings results for the year 2017. For the year, the company earnings totalled approximately EUR 6 million. According to preliminary unaudited figures, the Group's reported EBITDA thus amounted to around EUR 31 million, up 33% against 2016. Without this one-off effect, earnings before interest, taxes, depreciation and amortisation (EBITDA) was up 7% to approximately EUR 25 million in 2017. This development was despite the fact that general conditions for the German textile retail industry continued to deteriorate in the fourth quarter of the financial year. As a result, the Company missed its operating EBITDA target of EUR 27-30 million. Consolidated revenue amounted to EUR 525.8 million, roughly 3% below the prior-year figure of EUR 544.6 million. Free cash flow rose from EUR 11.3 million to a record high of more than EUR 35 million in the year under review. The Company is therefore also extremely liquid. ADLER's cash and cash equivalents amounted to over EUR 63 million as at 31 December 2017, representing a significant year-on-year increase of EUR 20.5 million.