Diversified Consumer Services
Company Overview of Essanelle Hair Group AG
As of August 12, 2014, Essanelle Hair Group AG was acquired by HairGroup AG. Essanelle Hair Group AG provides hairdressing services in Germany. It offers its services and products through the brands, such as essanelle Ihr Friseur, Super Cut, HairExpress, and Beautyhairshop. The company also sells salon products in its hairdressing salons and specialist retail shops; and acts as a franchiser for proprietor-managed hairdressing salons. As of December 31, 2013, it owned 689 hairdressing salons and shops in department and warehouse stores, consumer markets, and shopping centers. The company is headquartered in Dusseldorf, Germany.
Himmelgeister Strasse 103–105
Key Executives for Essanelle Hair Group AG
Essanelle Hair Group AG does not have any Key Executives recorded.
Essanelle Hair Group AG Key Developments
Essanelle Hair Group AG Announces Earnings Results for the First Quarter of 2014
May 16 14
Essanelle Hair Group AG announced earnings results for the first quarter of 2014. For the quarter, the company generated sales revenues amounting to EUR 32.3 million, thereby ranging above the level of EUR 30.8 million in same period for the previous year by 4.7%. Regarding the individual salon concepts of the company, HairExpress had an increase in sales of 11.5% from EUR 10.2 million to EUR 11.4 million. Super Cut generated sales amounting to EUR 5.9 million after EUR 5.6 million (5.4%). The essanelle Ihr Friseur concept achieved EUR 13.0 million, ranging slightly below the previous year's value of EUR 13.1 million (-0.6%). The beautyhairshop concept, which specialises in the sale of exclusive hair care products, achieved sales amounting to EUR 1.9 million after EUR 1.8 million in the previous year (3,0%). Due of increased sales, the earnings performance indicators of the company improved, despite increased personnel expenditures. Earnings before interest, taxes, depreciation and amortisation (EBITDA) increased by 15.3% from EUR 1.7 million to EUR 2.0 million compared to the previous year. After the first three months, earnings before tax (EBT) ranged at EUR 0.9 million, thereby lying above the previous year's level of EUR 0.6 million (47.2%). Finally, earnings per share amounted to EUR 0.12 after EUR 0.08 in the previous year.
Essanelle Hair Group AG to Report Q1, 2014 Results on May 16, 2014
May 12 14
Essanelle Hair Group AG announced that they will report Q1, 2014 results on May 16, 2014
Essanelle Hair Group AG Proposes Dividend for 2013; Reports Consolidated Earnings Results for the Full Year of 2013
Mar 28 14
Essanelle Hair Group AG announced that the Management Board and the Supervisory Board will propose a dividend for 2013 in the amount of EUR 0.50, equal to the previous year, at the annual general meeting.
The company reported consolidated earnings results for the full year of 2013. The company generated sales of EUR 129.7 million. This corresponds to an increase by 2.6% after EUR 126.5 million in the previous year. This positive development is due to good operating business and the price increases that were implemented in the second half of the year to coincide with the introduction of the minimum wage for the hairdressing industry. The company generated an EBITDA amounting to EUR 10.7 million against EUR 10.8 million in the previous year. Earnings before taxes (EBT) were EUR 5.6 million, thereby ranging about 7.1% below the previous year's result of EUR 6.0 million. The consolidated net income ranged at EUR 3.4 million after EUR 3.9 million last year. Likewise, earnings per share decreased to EUR 0.75 after EUR 0.87 in the previous year.
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