EANS-News: Firstextile AG /

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Financial Figures/Balance Sheet/Preliminary Figures 2012

Frankfurt am Main (euro adhoc) - Firstextile AG preliminary figures
indicate a strong performance in 2012

- 36.3% increase in revenue to EUR 179.5 m and 43.4% increase in net
profit to EUR 34.3 m - Gross profit up 38.5% to EUR 56.4 m with a
gross profit margin of 31.4% - EBIT up 41.5% to EUR 40.9 m with an
EBIT margin of 22.8%

Frankfurt, 28 February 2013 - Firstextile AG (FT8) publishes its
preliminary figures for the full year 2012 today. The company is
theholding of the leading Chinese producer of high-end yarn-dyed
fabrics and provider of fabrics and shirts designed for uniforms and
of its own branded premium men's shirts. The disclosed financial
figures indicate that Firstextile's operations continue to outperform
the market with strong increases in both revenue and net profit.

In 2012 Firstextile's revenue increased 36.3% to EUR 179.5 m (vs. EUR
131.7 m, 2011). All of the three business segments Fabric, Uniforms
and Shirts showed strong growth, especially the fast-growing Uniform
segment. The company's gross profit is up 38.5% to EUR 56.4 m with a
gross profit margin of 31.4% (vs. EUR 40.7 m, 30.9%, 2011).
Firstextile's earnings before interest and taxes (EBIT) increased by
41.5% to EUR 40.9 m (vs. EUR 28.9 m, 2011) with an EBIT margin of
22.8% (vs. 21.9%, 2011), adjusted for the non-recurring charge for
the IPO cost the EBIT margin improved to 23.8%. The net profit
increased 43.4% to EUR 34.3 m (vs. EUR 23.9 m) with a margin of 19.1%
(vs. 18.2%, 2011; 20.1% adjusted for IPO cost) and earnings per share
(EPS) climbed 40.2% to EUR 3.4 (vs. EUR 2.4, 2011).

Fred Yang, founder and CEO of Firstextile, comments on the
preliminary figures: "The preliminary figures for 2012 mirror our
strong operative performance and are a continuation of our excellent
performance in the previous years. Overall, it affirms our business
strategy to focus on domestic high-growth markets for garment and
textile."

In the core business segment Fabric revenue increased by 11.9% to EUR
113.3 m (vs. EUR 101.2 m, 2011). The Fabric segment is still the
largest contributor to overall revenue with a share of 63.1%, down
from 76.9% in 2011 mainly due to the fast-growing Uniform segment.
Gross profit developed nicely, up 27.6% to EUR 31.3 m (vs. EUR 24.6 m
in 2011).

Again, the Uniform segment outperformed the other two segments by far
as revenue grew 160.8% to EUR 46.7 m (vs. EUR 17.9 m, 2011). The
Uniform segment almost doubled its share of overall revenue to 26.0%
(vs. 13.6%, 2011). The gross profit in the Uniform segment increased
significantly as well by 71.7% to EUR 9.7 m (vs. EUR 5.7 m, 2011).

The Shirt segment, which is the most profitable segment (78.7% gross
profit margin, 2012), increased 46.0% in gross profit to EUR 15.4 m
(vs. EUR 10.5 m, 2011) and 55.1% in revenue to EUR 19.5 m (vs. EUR
12.6 m, 2011). The Shirt segment's contribution to total revenue is
10.9%, up from 9.6% last year.

The guidance for the current financial year 2013 will be published
together with the final financial figures 2012. You may download the
full 2012 annual report from the company's website at
www.firstextile.de, within the "Investor Relations" area, starting
from 23 April 2013.

Overview over preliminary financials (in EUR m):

2012 2011 Change
Revenue Group Total 179.5 131.7 36.3%
Revenue Fabric Segment 113.3 101.2 11.9%
Revenue Uniform Segment 46.7 17.9 160.8%
Revenue Shirt Segment 19.5 12.6 55.1%
Gross Profit 56.4 40.7 38.5%
EBIT 40.9 28.9 41.5%
Net Profit 34.3 23.9 43.4%
EPS (in EUR) 3.4 2.4 40.2%

Company profile Firstextile is the leading manufacturer of high-end
yarn-dyed fabric in the Chinese market with a market share of approx.
9% in terms of volume in 2011. It also markets fabric and shirts
specifically designed for uniforms used by Chinese government
institutions and enterprises, as well as its own branded men's shirts
with the two brands "Varpum" and "Firstextile" for the Chinese
premium market segment. The company operates modern production
facilities in Jiangyin near Shanghai, China, which is one of the main
centres of the Chinese textile industry and it focuses particularly
on high product quality. As the company already operates almost at
its maximum capacity it plans to use the net proceeds from the
successful completion of the IPO on 12 November 2012 and further cash
flows to double the current after-finishing capacity of 36 million
metres to 72 million metres in order to meet future demand. At the
same time, weaving capacity is intended to be expanded from short of
11 million metres to 27 million metres and dyeing capacity from 7,900
tonnes to 15,800 tonnes.

Further inquiry note:
Firstextile AG
Maggie Wang
Lyoner Straße 14, 60528 Frankfurt am Main
Telefon: +86 (0) 1390 100 9306
E-Mail: maggie.wang@firstextile.com

cometis AG
Henryk Deter / Claudius Krause
Telefon: +49 (0) 611 205855 -13 / -28
Email: deter@cometis.de / krause@cometis.de

end of announcement euro adhoc
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company: Firstextile AG
Lyoner Str. 14
D-60528 Frankfurt am Main
WWW: http://www.firstextile.de
sector: Consumer Goods
ISIN: DE000A1PG8V8
indexes:
stockmarkets: designated to listed: regulated dealing/prime standard: Frankfurt
language: English