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2018/19 set of measures to enhance earnings and efficiency

Announced in September 2018
Details of the individual measures:
Essentially completed in November 2019.
Status as at November 30, 2019
­- Focus on menswearCompleted
­- Discontinuation of the sportswear activities of the Jupiter brandCompleted
­- Relocation of unfinished and finished goods logistics to PolandCompleted
­- Relocation of sampling processes from Poland to Asia80 percent
­- Increased use of full-package services for jeans60 percent (100 percent as of mid-2020)
­- Closure of unprofitable storesOngoing control
­- General cost reductionOngoing control
Figures of the set of measures
­- Job cuts by 2020: 130, of which 100 in GermanyCompleted
­- One-time effects in 2017/18: EUR 3.5 million*EUR -2.7 million**
­- Effect on bottom line from 2020: approx. EUR 4.0 million, partly already in 2018/19EUR 3.7 million (2018/19)
­-Inventories reduced by EUR -4.4 million***EUR -3.3 million (as of Nov. 30, 2019)
* Severance payments and releases
** Release of provisions EUR 0.8 million
*** From discontinued activities