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GERRY WEBER International AG — Earnings Release 2013
Jan 30, 2014
180_rns_2014-01-30_30058e5f-3eac-4592-9303-519fc10ac2bc.html
Earnings Release
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Ad-hoc | 30 January 2014 07:33
GERRY WEBER boosts 2012/13 revenues by 6.2% to EUR 852.0 million
Gerry Weber International AG / Key word(s): Preliminary Results
30.01.2014 07:33
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Ad-hoc announcement pursuant to section 15 WpHG
GERRY WEBER boosts 2012/13 revenues by 6.2% to EUR 852.0 million
-
Earnings before interest and taxes (EBIT) reach EUR 105.8 million
according to preliminary figures -
Sales revenues to rise to at least EUR 900 million in current fiscal
year 2013/14 -
Retail expansion to be continued, especially outside Germany
(Halle/Westphalia, 30 January 2014) According to preliminary figures, GERRY
WEBER International AG expects sales revenues of EUR 852.0 million for the
past fiscal year 2012/13 (previous year: EUR 802.3 million). This would be
in line with the company's targets, which were revised in September 2013.
The rise in sales revenues is mainly attributable to the expansion of the
company's own Retail activities and the new sales spaces opened in this
context in Germany and abroad. In the fiscal year 2012/13, 68
company-managed Houses of GERRY WEBER were opened, including 19 outside
Germany. In addition, the Retail segment took over 19 formerly franchised
stores in Belgium and we opened 47 concession stores, primarily in Spain
and the Netherlands.
Due to the weather-related difficult environment, especially in
spring/summer 2013 and the resulting lower footfall in the city centres of
Central Europe, earnings before interest and taxes (EBIT) declined from EUR
115.9 million in the previous year to EUR 105,8 million in 2012/13.
Against the background of the challenging market environment prevailing in
2013, the roughly 330 company-managed Retail stores opened in the fiscal
years 2011/12 and 2012/13 grew more slowly than expected and failed to make
the projected revenue and earnings contributions. The company assumes that
sales revenues and earnings of the new Houses of GERRY WEBER and mono-label
stores will accelerate to a normal level and that the latter will
consequentially make their sales and earnings contributions as the external
factors return to normal, which was indicated in November and December
2013. The excellent development of the first weeks of the new calendar year
2014 affirmed this assessment. The Retail segment's contribution to total
Group revenues increased from 37.3% to 42.7% in the fiscal year 2012/13.
Forecast for 2013/14
Based on a normalisation of the weather-related factors influencing the
company's business activity and the prevailing market conditions, the
Managing Board of GERRY WEBER International AG expects sales revenues to
increase to at least EUR 900 million in the fiscal year 2013/14, which
commenced on 1 November 2013. This would represent an increase by at least
5.6% compared to the preliminary figures of the previous year. The company
expects earnings before interest and taxes (EBIT) to increase to at least
EUR 120 million in the fiscal year 2013/14. The sales figures for November
and December 2013 also suggest that the performance in the new fiscal year
will be positive.
The Retail activities will again be an important sales and earnings driver
in the current fiscal year. Not only the stores opened over the past 24
months but also the ongoing expansion outside Germany are expected to
contribute growing sales and earnings to the Group's performance. A total
of 65 - 75 company-managed stores are planned to be opened across the
globe. The aim is to increase the Retail segment's contribution to total
Group revenues to 50% in the current fiscal year.
The final figures for the past fiscal year 2012/13 will be published on the
occasion of the annual accounts press conference in Düsseldorf on 26
February 2014.
Preliminary key figures and forecast of GERRY WEBER International AG
2011/12 Preliminary 2012/ Forecast 2013/
13 14
Sales revenues (in EUR 802.3 852.0 at least 900
millions)
EBIT (in EUR millions) 115.9 105.8 at least 120
Listed on the Regulated Market of the Frankfurt Stock Exchange (Prime
Standard)
ISIN: DE0003304101
WKN: 330410
Investor Relations Contact Press Contact
GERRY WEBER International AG GERRY WEBER International AG
Claudia Kellert Nina Lauterbach
Neulehenstraße 8 Neulehenstraße 8
D - 33790 Halle/Westfalen D - 33790 Halle/Westfalen
Tel.: +49 (0) 52 01-185 8422 Tel.: +49 (0) 52 01-185 320
E-mail: [email protected] E-mail: [email protected]
30.01.2014 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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 Announcement DGAP News-Service