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GERRY WEBER International AG — Earnings Release 2012
Sep 14, 2012
180_rns_2012-09-14_77c0d58f-4524-4938-a823-4cec3da187b5.html
Earnings Release
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Corporate | 14 September 2012 07:30
Gerry Weber International AG continues to grow, with sales revenues up 13.9% at the nine-month stage 2011/12
Gerry Weber International AG / Key word(s): Interim Report
14.09.2012 / 07:30
Corporate News
GERRY WEBER International AG continues to grow, with sales revenues up 13.9% at the nine-month stage 2011/12
– Sales revenues for the first nine months of 2011/12 climb to EUR 554.4 million (9M 2010/11: EUR 486.8 million)
– Earnings before interest and taxes (EBIT) improve by 17.0% to EUR 66.7 million (9M 2010/11: EUR 56.9 million)
– 56 company-managed Houses of GERRY WEBER (half of which outside Germany) and 69 mono-label stores opened in the first nine months of the financial year
– Sales target for 2011/12 raised from EUR 795 million to EUR 800 million, with EBIT margin target unchanged at 14.5% – 14.6%
(Halle/Westphalia, 14 September 2012) At EUR 178.4 million, sales revenues of GERRY WEBER International AG in the third quarter of 2011/12 were up by 21.9% on the previous year, having climbed 7.6% in Q1 and 12.8% in Q2. This is primarily attributable to the converted WISSMACH stores and the newly opened Houses of GERRY WEBER. As previously announced, 69 of the WISSMACH stores acquired as of 15 March 2012 were converted – primarily into TAIFUN and SAMOON mono-label stores – between May and July.
Group sales revenues for the first nine months of the financial year (1 November 2011 – 31 July 2012) totalled EUR 554.4 million. This represents a 13.9% increase on the previous year.
With 56 new company-managed Houses of GERRY WEBER opened, half of them outside Germany, and 69 former WISSMACH stores converted, mostly into TAIFUN and SAMOON mono-label stores, the Retail segment's contribution to total Group sales increased to 38.6% at the nine-month stage. At the end of the financial year 2010/11, Retail revenues had accounted for 31.0% of total Group sales.
Wholesale revenues rose from EUR 325.5 million to EUR 332.6 million, which represented 60.0% of total Group sales revenues. Since the end of the financial year 2010/11, 33 franchised Houses of GERRY WEBER have been opened, thereof 25 outside Germany. Franchisees opened stores in countries such as Russia, Belgium and the Netherlands but also in Australia, Canada and the Middle East.
In spite of the start-up and conversion costs incurred in conjunction with the WISSMACH stores acquired with effect from 15 March 2012, earnings before interest and taxes (EBIT) were up by 20.2% on Q3 2010/11 to EUR 19.7 million in Q3 2011/12. In the first nine months of 2011/12, the GERRY WEBER Group generated earnings before interest and taxes (EBIT) of EUR 66.7 million, which represents an increase by 17.0%. At 12.0%, the EBIT margin for the first nine months was up by 30 basis points on the previous year's 11.7%.
Taking into account the slightly lower financial result of EUR -1.4 million as well as income taxes (EUR -20.8 million), net income after taxes increased to EUR 44.5 million (+21.9 %) at the nine-month stage 2011/12. Accordingly, earnings per share climbed from EUR 0.78 to EUR 0.97. The headcount increased from 2,927 on 31 July of the previous year to 4,283.
In view of the performance in the first nine months of 2011/12, we have slightly increase our sales target for the full year 2011/12 from EUR 795 million to EUR 800 million (previous year: EUR 702.7 million). We stick to our EBIT margin target of 14.5% to 14.6% (previous year: 14.2%).
Key figures GERRY WEBER International AG for 9M 2011/12
| 9M 2011/12 | 9M 2010/11 | Q3 2011/12 | Q3 2010/11 | Changes 9M (in %) | Changes 3Q (in %) | |||
| Sales (in EUR million) | 554.4 | 486.8 | 178.4 | 146.4 | 13.9 % | 21.9 % | ||
| EBIT (in EUR Mio.) | 66.7 | 56.9 | 19.7 | 16.4 | 17.0 % | 20.2 % | ||
| EBIT margin (in %) | 12.0% | 11.7% | 11.0% | 11.2% | 0.3 % | -0.2 % | ||
| Net income for the period (in EUR million) | 44.5 | 36.0 | 12.8 | 10.5 | 23.5 % | 21.9 % | ||
| Earnings per share (in Euro) | 0.97 | 0.78 1 | 0.28 | 0.23 | 24.4 % | 21.7% | ||
| Equity ratio (in %) | 77.0% | 73.5 % | 77.0% | 73.5 % | 3.5 % | 3.5 % | ||
| Number of employees (as of 31.7.2012) | 4,283 | 2,927 | 4,283 | 2,927 | 46.3 % | 46.3 % |
1 adjusted following the issue of free shares on 1:1 basis in July 2011
Admitted to the Regulated Market of the Frankfurt Stock Exchange (Prime Standard)
ISIN: DE0003304101
WKN: 330410
| Investor Relations contact GERRY WEBER International AG |
Press contact GERRY WEBER International AG |
| Claudia Kellert | Anika Gaidas |
| Neulehenstraße 8 | Neulehenstraße 8 |
| D – 33790 Halle/Westfalen | D – 33790 Halle/Westfalen |
| Tel.: +49 (0) 52 01-185 8422 | Tel.: +49 (0) 52 01-185 8952 |
| E-mail: [email protected] | E-mail: [email protected] |
End of Corporate News
14.09.2012 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG.
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| Language: | English |
| Company: | Gerry Weber International AG |
| Neulehenstraße 8 | |
| 33790 Halle/Westfalen | |
| Germany | |
| Phone: | +49 (0)5201 185-0 |
| Fax: | +49 (0)5201 5857 |
| E-mail: | [email protected] |
| Internet: | www.gerryweber-ag.de |
| ISIN: | DE0003304101 |
| WKN: | 330410 |
| Indices: | MDAX |
| Listed: | Regulierter Markt in Düsseldorf, Frankfurt (Prime Standard); Freiverkehr in Berlin, Stuttgart |
| End of News | DGAP News-Service |
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