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Gerry Weber International Ag 
Exchanges: Germany

GERRY WEBER International AG is a German company, active in the fashion and lifestyle sector. The Gerry Weber collection consists of three main clothing brands. The core brand, GERRY WEBER is positioned in the upper mid-price segment for ladies’ clothing, and comprises the two sub labels GERRY WEBER Edition, including knitwear, shirts, blouses, trousers, skirts and outdoor jackets; as well as G.W., supplying retailers with the latest fashions. The TAIFUN brand contains a collection targeted at younger women, positioned in the mid-price segment. SAMOON brand provides a collection of plus-size wear. In addition, the Company offers jewelry, bags, eyewear and shoes. As of October 31, 2010, there were 405 Company-managed and franchised HOUSES OF GERRY WEBER, of which 193 were located in Germany and 212 abroad. 178 HOUSES OF GERRY WEBER were managed by GERRY WEBER Group, thereof 138 in Germany. 227 of the multi-brand stores were operated by franchisees, thereof 55 in Germany and 172 abroad. 

http://www.gerryweber-ag.de
Address
Neulehenstrasse 8
Halle, 33790
Germany
+49-5201-1850 (Phone)
+49-5201-10931 (Fax)


23.01.2013 Gerry Weber International AG reaches its targets and continues its growth strategy

Gerry Weber International AG  / Key word(s): Preliminary Results

23.01.2013 07:37

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

Ad-hoc release pursuant to section 15 WpHG

GERRY WEBER reaches its targets and continues its growth strategy

- 2011/12 sales revenues up by 14.2% to EUR 802.3 million


- EBIT margin climbs to 14.5% despite expansion-related one-time start-up costs

- Growth strategy to be continued also in 2012/13 - sales target range from EUR 890 to 900 million

(Halle/Westphalia, 23 January 2013) According to preliminary figures, GERRY WEBER International AG reached the targets set for the past fiscal year
2011/12 (1 November 2011 - 31 October 2012), i.e. to generate sales revenues of EUR 800 million and an EBIT margin of at least 14.5%. Sales
increased by an impressive 14.2% to EUR 802.3 million (previous year: EUR
702.7 million). In spite of the investments made and one-time start-up
costs resulting from the Retail expansion as well as a deterioration in the
environment of the clothing retail sector in the 2nd half of the year, earnings before interest and taxes (EBIT) improved to EUR 115.9 million
(previous year: EUR 99.6 million). This represents a 16.4% increase on the previous year. Accordingly, the EBIT margin climbed to 14.5%.


September 14, 2011 GERRY WEBER  New sales and earnings records in the first nine months of 2010/2011 

•GERRY WEBER defies economic fears and accelerates international expansion
 •All three brands report strong increase in sales revenues
 •Sales and earnings forecast for current fiscal year confirmed
 

(Halle/Westphalia, 14 September 11) The GERRY WEBER again reached new sales and earnings records in the first nine months of 2010/2011. Group revenues increased by 12.6% on the previous year. All earnings figures improved at clearly disproportionate rates. “We continue to expand our presence in the international market. Our GERRY WEBER core brand, which has been among the best known and most successful brands in the German clothing retail sector, continues its success story, not least thanks to the sublabels, GERRY WEBER EDITION and G.W. Sales revenues of GERRY WEBER EDITION rose by 24.7% and G.W. improved by 53.8%,” said CEO Gerhard Weber. 

In the first nine months of 2010/2011, Group sales revenues rose from EUR 432.3 million to EUR 468.8 million, which represents an increase of 12.6%. The strong growth was again driven by both the GERRY WEBER core brand and the company’s own Retail activities. Sales revenues in the Retail segment, which comprises the concession stores as well as the 195 company-managed HOUSES OF GERRY WEBER and the GERRY WEBER eShop, increased by 25.1% from EUR 124.7 million to EUR 156.0 million.
 
 
 

 

Copyright  2011 Ernstrade.com

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