Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

GERRY WEBER International AG Management Reports 2015

Jun 25, 2015

180_ip_2015-06-25_fc44a7fc-7d63-491a-9d90-c48d6a05bb4d.pdf

Management Reports

Open in viewer

Opens in your device viewer

Strategy and Financials

June 2015

/
H
1
2
0
1
4
1
5
Q
/
5
N
L
Y
2
2
0
1
4
1
O
C
G
E
R
R
Y
W
E
B
E
R
o
r
e
G
S
O
O
(
E
R
R
Y
W
E
B
E
R
T
A
I
F
U
N
A
M
N
)
,
,
H
A
L
L
H
U
B
E
R
S
l
d
E
U
R
3
9
8.
9
M
i
(
-3
4
%
)
t
o.
a
e
s
e
c
r
e
a
s
e
o
S
(
)
l
i
E
U
R
3
3.
8
1
1.
7
%
t
a
e
s
n
c
r
e
a
s
e
o
m
n
+
I
i
i
(
i
5
7.
6
%
t
n
c
r
e
a
s
e
n
g
r
o
s
s
m
a
r
g
n
o
p
r
e
v
o
u
s
y
e
a
r
:
) .
5
5.
0
%
Q
/
i
i
i
2
2
0
1
4
1
5
t
:
n
c
r
e
a
s
e
n
g
r
o
s
s
m
a
r
g
n
o
(
Q
)
6
4
%
2
6
4.
2
%
5.
p
r
e
e
a
r
v.
y
:
E
B
I
T
f
E
U
R
3
6.
6
M
i
(
)
-2
6.
1
%
o
o.
E
B
I
T
f

-0
4
M
i
i
d
b
h
i
h
t
o
o.
m
p
a
c
e
g
e
r
y
,
d
i
i
t
e
p
r
e
c
a
o
n
8
0
0
d
R
i
l
l
f
l
t
c
o
m
p
a
n
-m
a
n
a
g
e
e
a
s
a
e
s
o
o
r
y
(
i
H
)
2
2
1
t
s
p
a
c
e
s
+
s
o
r
e
s
n
2
3
7
R
i
l
l
f
l
t
o
n
e
a
s
a
e
s
o
o
r
s
p
a
c
e
s
w
(
i
D
)
1
8
2
0
1
4
t
+
s
o
r
e
s
s
n
c
e
e
c.
l
i
k
f
l
i
k
R
i
l
l
t
4,
6
%
e-
o
r-
e
e
a
s
a
e
s
: -
(
ke
d
lo
G
)
t
t
5
%
m
a
r
ev
e
p
m
e
n
e
rm
a
ny
: a
p
p
ro
x.
-
l
i
k
f
l
i
k
R
i
l
l
1.
0
%
t
e-
o
r-
e
e
a
s
a
e
s
:
(
ke
d
lo
G
)
t
t
5
%
m
a
r
ev
e
p
m
e
n
e
rm
a
ny
: a
p
p
ro
x.
-

Agenda

COMPANY PROFILE

Bu
ine
s
ss
G
Ge
lo
ba
l
fa
h
ion
d
l
i
fe
le
i
h
ty
t
rm
an
s
a
n
s
co
mp
an
y
w
fo
br
d
fa
i
l
ies
d
he
ir s
b
la
be
ls:
tro
t
ur
s
ng
an
m
a
n
u
G
E
R
R
Y
W
E
B
E
R
(
inc
lud
ing
G
ER
RY
W
EB
ER

C
OL
CT
ION
GE
ON
G.W
GE
LE
RR
Y W
EB
ER
ED
ITI
nd
RR
Y
. a
,
,
WE
BE
R A
C
CE
S
S
OR
IES
)
T
A
I
F
U
N

S
A
M
O
O
N

H
A
L
L
H
U
B
E
R
(
HA
LL
HU
BE
R a
nd
HA
LL
HU
BE
R D
ON
NA
)
Re
i
l
ta
f
8
0
0 c
d s
les
T
he
om
p
an
ma
na
g
e
a
sp
ac
es
re
o

y-
i
de
Ge
3
3
0 o
ts
u
rm
an
y.
6 o
l
ine
i
la
b
i
l
i
in
9 c
ies
to
ty
tr

n
s
re
s e
ns
ur
e a
va
ou
n
(Ap
ril 2
015
)
H
A
L
L-
H
U
B
E
R
Re
i
l
ta
fu
l
ly-
l
le
d
Re
i
l
P
O
S
2
3
7
tro
ta
co
n

5 o
l
ine
ho

wn
o
n
s
p
s
h
ir
d-
la
fo
1
4
t
ty
t
p
ar
e-
co
mm
er
ce
p
rm
s

(
Ap
ril 2
015
)
W
ho
les
le
a
fra
f
G
Mo
ha
2
7
0
h
ise
d
Ho
E
R
R
Y
t
re
n
nc
us
es
o

W
E
B
E
R
d
d a
bo
2,
8
2
0
S
ho
in-
S
ho
l
l
t
an
ro
un
u
p-
p
s a
he
l
d
t
ov
er
w
or
(Ap
ril 2
015
)
ina
ia
F
ls
nc
/
2
0
1
3
1
4
Re
E
U
R
M
io.
8
5
2.
1
ve
nu
es

:
E
B
I
T:
E
U
R
1
0
8.
9
M
io.

Ne
inc
E
U
R
M
io.
7
1.
4
t
om
e:

E
P
S:
E
U
R
1.
6
5

D
iv
i
de
d:
E
U
R
0.
7
5 p
ha
n
er
s
re

HISTORY

1
9
7
3
Co
b
l
is
he
d
by
Ge
ha
d
W
be
d
U
do
Ha
d
iec
k
ta
mp
an
es
r
r
e
r a
n
r
y
1
9
8
9
Fo
da
ion
f
T
A
I
F
U
N
t
un
o
1
9
8
9
Go
G
G
ing
Pu
b
l
ic
E
R
R
Y
W
E
B
E
R
In
ion
l
A
te
t
as
rn
a
a
1
9
9
4
Fo
da
ion
f
S
A
M
O
O
N
t
un
o
1
9
9
9
Op
O
S
O
G
ing
f
he
f
irs
H
U
E
F
E
R
R
Y
W
E
B
E
R
t
t
en
o
2
0
1
1
Ce
Ne
De
ig
in
Ha
l
le,
L
is
ing
in
M-
Da
tre
t
s
n
n
w
x
2
0
1
1
Ac
is
i
ion
f
2
0
fo
D
O
N
G
I
L s
in
Au
ia
t
to
tr
q
u
o
rm
er
res
s
2
0
1
2
S
S
C
Ac
is
i
ion
f
2
0
0
fo
W
I
M
A
H
d
t
to
q
u
o
rm
er
s
res
a
n
ion
in
G
E
R
R
Y
W
E
B
E
R
br
d s
to
to
co
nv
er
s
an
re
s
2
0
1
2
Ac
is
i
ion
f m
j
i
ke
in
2
is
ing
Du
h
Ho
G
W
t
ty
ta
5 e
t
tc
q
u
o
a
or
s
x
s
2
0
1
3
f m
G
Ac
is
i
ion
j
i
ke
in
1
9 e
is
ing
Be
lg
ian
Ho
W
t
ty
ta
t
q
o
a
or
s
s
u
x
2
0
1
4
Ac
is
i
ion
f
Ho
G
W
ha
fo
ly
d
by
t
2
5
t
t w
q
u
o
s
er
e
rm
er
ow
ne
o
ur
fra
h
ise
in
No
tn
nc
p
ar
er
rw
ay
2
0
1
5
f
fa
Ac
is
i
ion
Mu
ic
h-
ba
d
h
ion
H
A
L
L
H
U
B
E
R
t
q
o
n
se
s
co
mp
an
u
y

Ralf Weber (CEO) Dr. David FrinkArnd Buchardt

Board

Brand Universe and Sales Contribution

Young Modern Woman Fashion

  • Trendy and stylish silhouettes, slim cuts casual and business
  • Targeting the younger "modern woman" starting at her mid thirties

TAIFUN: 16.9% SAMOON: 5.0%

Plus Size Collection

  • Femininity underlined by trendy cuts, highquality materials, excellent fits
  • Perfect interpretations of current trends put curves in a favourablelight.

Young, Sophisticated and Urbane Fashion

  • Urbane, timeless style with a fashion twist
  • Feminine, stylish and nevertheless elegant
  • Target group: fashion conscious woman between 25 and 45
  • Product Line HALLHUBER DONNA: more elegant and exclusive

HALLHUBER: 8.1%

*in H1 2014/15 (first consolidation of HALLHUBER: Q2 2014/15)

Sales contribution of brand families*:

GERRY WEBER: 70.1%

SEGMENT AND PRICE-POSITIONING

  • Bridge segment between the middle price segment and the premium segment
  • Unique market positioning
  • Loyal customer base with higher income level
  • Less-crowded than other segments
  • A market segment where significant price markups can be achieved

Multi Label Stores

several labels are presented simultaneously withoutseparate branding

DISTRIBUTION CHANNELS

RETAIL incl. HALLHUBER

Co
m
p
an
y
d
ow
ne
Co
io
nc
es
s
ns
Fa
to
c
ry
Ou
le
t
ts
E-
/
co
m
m
er
ce
S
On
l
in
ho
e
p
s
Fr
h
ise
an
c
S
ho
in
-S
ho
p-
p
S
Re
i
l
ta
to
re
s
Fra
h
ise
d
nc
Ho
f
us
es
o
Br
de
d
an
S
ho
in-
S
ho
p-
p
s
S
ho
in-
S
ho
p-
p
s
Sp
ia
l
ec
tem
Ho
f
sy
s
s
us
es
o
les
in
sa
ar
ea
s
d
by
G
E
R
R
Y
W
E
B
E
R
ma
na
g
e
Ge
rm
an
y
G
E
R
R
Y
W
E
B
E
R
d a
bro
d
an
a
Mo
la
be
l
no
S
tor
es
On
l
ine
S
ho
p
:
ion
l
ly
t
na
a
or
in
ion
l
ly
ter
t
na
a
in
d
te
ra
G
E
R
R
Y
W
E
B
E
R
h
ic
h a
d
w
re
ma
na
g
e
by
W
ho
les
le
ou
r
a
tne
p
ar
rs.
teg
for
ho
s
p
s
l
l
t
hre
bra
ds
a
e
n
Tr
d
W
ho
les
te
us
le
Cu
to
a
s
m
er
s
W
ho
les
le
tom
a
cu
s
G
E
to
p
roc
es
s
fer
he
de
tra
t
ers
ns
or
r
R
R
Y
W
E
B
E
R

54.3% of group sales* 45.7% of group sales*

WHOLESALE

Houses of GERRY WEBER

Q2 2014/15: First consolidation of HALLHUBER into GERRY WEBER Group

H1 2014/15: 22 new Retail sales floors (thereof 4 new sales floors in Canada, 5 new stores in Norway as well as 2 new Retail HoGWs in Finland)

GERRY WEBER sticks to the implemented Retail expansion and verticalization strategy

R S
E S
T S
A U
I I
L N
B E
H
1
/
2
0
1
4
1
5
/
2
0
1
3
1
4
/
2
0
1
2
1
3
/
2
0
1
1
1
2
Ho
f
u
s
e
s
o
G
E
R
R
Y
W
E
B
E
R
5
1
0
4
8
5
4
2
4
3
4
7
S
M
la
b
l
t
o
no
e
o
re
s
1
4
0
1
4
4
1
4
4
1
4
6
C
io
o
nc
e
s
s
ns
1
1
7
1
1
9
1
1
1
6
4
O
Fa
le
t
t
t
c
o
ry
u
s
3
3
3
0
2
2
1
7
T
O
T
A
L
G
W
I
8
0
0
7
7
8
0
1
7
5
4
7
H
A
L
L
H
U
B
E
R
*
2
3
7
- - -

COMPANY-OWNED STORES BY REGION

G W
I
H
A
L
L
H
U
B
E
R
Ge
4
7
0 -
rm
an
y
1
7
3
4
Au
ia
7 -
tr
s
8
Ne
he
lan
ds
1
0
1 -
t
r
1
2
9 -
Be
lg
ium
1
3
Sc
d
ina
ia
4
5
an
v
-
0
2
6 -
Ea
Eu
te
s
rn
ro
p
e
0
Sp
in
5
0 -
a
0
2
U
K
Ire
lan
d
7 -
+
1
1
Ca
4
da
na
-
0
1 -
I
ly
ta
0
Sw
3
1 -
i
lan
d
tze
r
3
1

* First consolidation of HALLHUBER as of February 2015

E-Commerce

  • 2013/14: Online business generated sales of EUR 21.7 million; an increase of 10.7%
  • H1 2014/15: Online sales amounted to EUR 11.1 million

Agenda

(
)
1
U
i
B
i
M
d
l
n
q
u
e
u
s
n
e
s
s
o
e
P
4
a
g
e
(
)
2
K
F
i
i
l
e
n
a
n
c
a
s
y
P
1
3
a
g
e
(
)
3
G
S
E
R
R
Y
W
E
B
E
R
h
a
r
e
P
2
1
a
g
e
(
)
4
H
A
L
L
H
U
B
E
R
A
i
i
i
t
c
q
s
o
n
u
P
2
4
a
g
e
(
)
5
O
l
k
t
o
o
u
P
2
8
a
g
e
  • 2013/14: Group sales of EUR 852.1 Mio.
  • H1: 2013/14: Retail share in total group sales has increased to 54.3% (including HALLHUBER). Target for 2014/15 is to reach 50% to 60%
  • H1 2014/15: GERRY WEBER Core Retail sales increased by 6.7% to EUR 201.3 million plus EUR 33.8 million coming from the HALLHUBER consolidation in Q2 2014/15

  • Highly profitable business model with a solid development over the past years

  • Expansion costs and higher depreciation due to the dynamic Retail roll-out and the acquisitions in the past two years lead to temporarily lower margins

EBIT and EBITDA in EUR million

EBITDA and EBIT MARGIN in %

  • H1 2014/15: Retail sales revenues increased by 6.7% and amounted to EUR 201.3 million
  • Sales increase based on the GERRY WEBER Retail expansion (openings of the last 24 months)
  • H1 2014/15: Compared to the previous year period like-for-like sales were down 4.6% as compared to the performance of the total German market with -5% (according to "Textilwirtschaft")

RETAIL SALES PER QUARTER * RETAIL SPLIT BY DISTRIBUTION CHANNEL*

(in EUR million)

14

FRANCHISE HoGWs BY REGION

  • H1 2014/15: Decrease in Wholesale sales of 11.8% to EUR 197.7 million. Wholesale partners were affected by higher inventories in the last seasons. As a result, order volumes decreased. In addition we saw lower sales from the Russian and Eastern European markets.
  • H1 2014/15: We expect ongoing cautious order volumes of our wholesale partners in the second half of the fiscal year. Market environment remains challenging.

WHOLESALE SALES PER QUARTER * (in EUR million)

15

Key Financials: HALLHUBER Sales

  • Q2 2014/15: HALLHUBER sales in Q2 2014/15 amounted to EUR 33.9 million. An increase of 11.7% on the previous years quarter.
  • With a 1% like-for-like sales increase HALLHUBER outperformed the German fashion market (-5%).
  • EBITDA of HALLHUBER increased by 31.8% to EUR 2.1 million

Q2 14/15 vs. Q2 13/14 (in EUR million)

Development of Group Earnings 2013/14

H
1
O
l
l
d
i
f
f
i
l
k
i
i
h
l
f
f
l
l
i
h
i
i
d
l
l
d
t
t
t
t
t
t
t
t
v
e
r
a
a
c
u
m
a
r
e
e
n
v
r
o
n
m
e
n
w
o
w
e
r
o
o
a
n
e
c
e
s
a
n
s
o
r
e
s
a
s
w
e
a
s
a
v
e
r
s
e
h
d
i
i
i
S
b
2
0
1
4
t
t
t
w
e
a
e
r
c
o
n
o
n
s
s
n
c
e
e
p
e
m
e
r
/
2
0
1
4
1
5
f
f
d
t
a
e
c
e
A
h
i
h
i
l
l
i
i
l
d
l
d
l
h
d,
d
i
d
t
t
t
t
t
t
t
g
e
r
n
e
n
o
r
e
e
a
o
r
e
s
n
g
c
s
o
m
e
r
s
e
o
o
e
r
o
r
e
r
o
m
e
s
a
n
e
p
e
c
e
a
s
v
y
v
u
x
u
w
v
u
x
d
d
l
i
i
d
i
b
l
l
h
l
l
t
r
e
c
e
q
s
o
m
e
s
m
a
e
r
o
e
s
a
e
r
s
u
u
y
y
w
b
y
:
A
b
k
d
l
i
i
h
l
h
d
i
l
d
f
i
d
t
t
t
t
t
t
o
v
e-
a
v
e
r
a
g
e
m
a
r
o
w
n
s
o
n
s
e
a
s
o
n
a
e
m
s
n
e
a
s
m
o
n
s
a
n
e
x
p
a
n
s
o
n-
r
e
a
e
x
e
c
o
s
s
h
d
i
i
h
i
i
i
t
t
t
t
t
a
a
n
e
g
a
v
e
m
p
a
c
o
n
e
e
a
r
n
n
g
s
s
u
a
o
n

INVESTMENTS / CAPEX(in EUR milion)

Agenda

(
)
1
U
i
B
i
M
d
l
n
q
u
e
u
s
n
e
s
s
o
e
P
a
g
e
4
(
)
2
K
F
i
i
l
e
n
a
n
c
a
s
y
P
a
g
e
1
3
(
)
3
G
S
E
R
R
Y
W
E
B
E
R
h
a
r
e
P
a
g
e
2
1
(
)
4
H
A
L
L
H
U
B
E
R
A
i
i
i
t
c
q
s
o
n
u
P
a
g
e
2
4
(
)
5
O
l
k
t
o
o
u
P
a
g
e
2
8

GERRY WEBER Share I

SHARE PERFORMANCE (since May 2014)

DIVIDEND PAYMENTS

Payout ratio between 40% and 50% every year

Dividend yield 2014 of round about 2.3%

SHAREHOLDER STRUCTURE

ANALYSTS' RECOMMENDATIONS

/B
Ba
nk
rok
er
An
aly
st
tin
Ra
g
ice
Pr
Da
te
/B
Ba
nk
rok
er
An
aly
st
Ra
tin
g
Pr
ice
Da
te
tar
et
g
tar
et
g
Ba
ad
Ba
nk
er
Vo
lke
r B
oss
e
bu
y
25
.00
12
Ju
ne 20
15
Eq
uin
Ba
nk
et
Ing
be
rt F
st
au
ac
cu
mu
-la
te
34
.00
16
rch 20
Ma
14
Ba
nk
of
Am
eri
Me
rril
l
ca
Ly
h
nc
Tu
sh
Ja
in
ar
al
utr
ne
25
.00
10
Ju
ne 20
15
Ha
k &
Au
fhä
uc
use
r
Ch
rist
ian
Sc
hw
ke
nb
he
en
ec
r
ho
ld
24
.00
Ju
10
ne 20
15
Be
be
Ba
nk
ren
rg
An
Pa
tric
na
e
bu
y
25
.50
12
Ju
ne 20
15
HS
BC
G
lob
al
Re
h
se
arc
Th
Te
etz
om
as
al
utr
ne
35
.00
4 M
h 20
arc
15
BN
P P
ari
ba
s
N.
N.
tpe
r- fom
ou
39
.00
29
D
ec
. 20
14
La
e R
rch
mp
es
ea
Ch
h Sc
rist
op
hlie
nka
mp
ho
ld
26
.00
11
Ju
ne 20
15
Od
do
Sy
dle
r
Ma
rtin
De
cot
bu
y
30
.00
10
Ju
ne 20
15
LB
BW
N.
N.
bu
y
37
.00
6 N
ov
. 20
14
Co
ba
nk
mm
erz
Ya
in
Mo
sch
itz
sm
An
dre
Rie
as
ma
nn
ll
se
25
.00
10
Ju
ne 20
15
AG
Ma
in
Fir
Ba
nk
st
Ga
Co
el
lco
mb
et
al
utr
ne
28
.00
Ju
10
ne 20
15
Ch
eu
vre
ux

Ko
lb
rg
en
red
uce
30
.50
27
b. 20
Fe
15
Me
tzle
r E
ity
qu
Re
h
se
arc
N.N bu
y
42
.00
7 O
ct. 20
14
De
ch
e B
k
uts
an
Ad
ria
n R
ott
ho
ld
19
.50
14
Ju
ne 20
15
Mo
a R
rch
nte
g
es
ea
Tim
Kr
use
bu
y
43
.00
10
Ju
ne 20
15
DZ
Ba
nk
He
rbe
rt S
tur
m
ho
ld
23
.00
10
Ju
ne 20
15
MM
W
arb
urg
Ph
ilip
Fre
p
y
bu
y
29
.00
11
Ju
ne 20
15
Qu
irin
Ba
nk
Ma
rk J
efs
os
on
ho
ld
37
.00
21
N
ov
. 20
14

Agenda

HALLHUBER at a Glance

H
A
L
L
H
U
B
E
R
L
A
N
C
E
t
G
a
a
fa
G

Es
b
l
is
he
d
h
io
i
h
b
d
in
k
ing
ie
t
t
t
t
a
s
n
c
o
m
p
a
ny
w
a
s
ro
ng
ra
n
e
rm
a
n
s
p
e
a
c
ou
n
r
s

Ta
b
2
5
d
4
5
t
tw
rg
e
g
ro
u
p
e
e
e
n
a
n
U
b
l
is
h
d
io
l
fa
h
io

ty
t
t
t
t
r
a
ne
s
a
n
ex
c
e
p
na
s
n
s
a
e
m
e
n
,
Fu
l
ly-
ic
l
bu
ine
d
d
is
i
bu
io
d
l

t
t
t
ve
r
a
s
s
s
a
n
r
n
m
o
e
E
U
R
le
inc
f
in
is
he
io
(
E
U
R
)

2
0
1
4:
1
3
6.
1
2
4.
6
%
t
t
1
0
9.
2
m
n
s
a
s;
a
n
re
a
s
e
o
c
o
m
p
a
r
o
n
o
p
re
s y
e
a
r
m
n
v
u
S
T
R
A
T
E
G
I
C
R
A
T
I
O
N
A
L
E

Inv
in
l
l-
kn
b
d
i
h
ive
i
io
ing
d
t
t
t
t
t
t
t
t
e
s
m
e
n
a
we
ow
n
ra
n
w
a
n
a
ra
c
p
o
s
n
a
n
cu
s
o
m
e
r g
ro
u
p
C
b
ina
io
f
b
l
is
he
d
fa
h
io
ie

t
tw
t
o
m
n
o
o
e
s
a
s
n
c
o
m
p
a
n
s
G
E
R
R
Y
W
E
B
E
R
lre
dy
i
h
b
l
is
he
d
fo
in
in
Eu
d
io
l e
l
le
t
t
t
t
t
t
a
a
a
n
e
s
a
o
p
r
ro
p
e
a
n
a
s
ro
ng
o
p
e
ra
na
xc
e
nc
e
w

d
H
A
L
L
H
U
B
E
R
ing
lay
ing
b
le
ie
d
t
t
t
ty
t
t
a
n
a
s
ro
ng
g
ro
p
e
r
a
rg
e
a
ou
ng
e
r,
m
o
re
r
a
n
s
o
r
n
e
cu
s
o
m
e
r o
n
w
y
u

i
Eu
ke
t
t
t
t
s w
ay
o
e
n
e
r
ro
p
e
a
n
m
a
r
s
V
A
L
U
E
C
R
E
A
T
I
O
N
Po
i
ive
i
bu
io
ing
ha
fro
he
f
irs
f c
l
i
d
io

t
t
t
t
t
t y
t
s
c
o
n
r
n
o
e
a
rn
s
p
e
r s
re
m
e
a
r o
o
ns
o
a
n
R
is
k
d
ive
i
f
ic
io
du
io
f
he
b

t
t
t
t
t
t
t
t
rs
a
n
e
o
ex
e
ns
n
o
c
u
s
o
m
e
r
a
s
e
o
a
y
ou
ng
e
r
a
rg
e
g
ro
u
p
C

i
d
b
le
h
ia
l
in
he
ing
t
t
t
t
o
ns
e
ra
g
ro
w
p
o
e
n
u
p
c
o
m
y
e
a
rs

In
ing
ia
l
im
ins
t
t
t
c
re
a
s
p
o
e
n
o
p
ro
ve
m
a
rg
2
0
1
4
/
H
1
2
0
1
4
1
5
2
0
1
5
e
x
p
S
S
A
L
E
S
R
E
V
E
N
U
E
S
f
l
E
U
R
1
3
6.
1
a
e
s
o
m
n

d
i
f
2
4.
6
%
a
n
a
n
n
c
r
e
a
s
e
o
h
i
t
t
o
e
p
r
e
v
o
u
s
y
e
a
r
f
1
5
%
N
b
2
0
1
4
+
r
o
m
o
e
m
e
r
v
A
i
l
t
2
0
1
5
o
p
r
I
b
1
6
%
2
0
%
t

n
c
r
e
a
s
e
y
o
b
d
i
i
l
l
l
d
a
s
e
o
n
o
r
g
n
a
p
a
n
n
e
y
i
e
x
p
a
n
s
o
n
L
I
K
E-
F
O
R
L
I
K
E
-
L
i
k
f
l
i
k
h
8
%
t
e-
o
r-
e
g
r
o
w
+

(
ke
d
Ge
t
tre
ma
r
n
rm
an
y
: a
p
p
rox
)
-3
%
L
i
k
f
l
i
k
h
t
1
%

e-
o
r-
e
g
r
o
w
+
(
ke
d
Ge
t
tre
ma
r
n
rm
an
y
: a
p
p
rox
)
-5
%
P
l
d
l
i
k
f
l
i
k
h
t

a
n
n
e
e-
o
r-
e
g
r
o
w
b
1
%
d
2
%
t
e
e
e
n
a
n
w
E
X
P
A
N
S
I
O
N
l
3
7
n
e
w
s
a
e
s
s
p
a
c
e
s
l
1
8
n
e
w
s
a
e
s
s
p
a
c
e
s
O
i
i
l
l
l
d
3
0

r
g
n
a
y
p
a
n
n
e
n
e
w
l
b
t
s
a
e
s
s
p
a
c
e
s
o
e
i
d
5
0
6
0
t
t
n
c
r
e
a
s
e
o
o

Agenda

S
I
n-
e
a
s
o
n
M
t
a
n
a
g
e
m
e
n
A
l
i
f
l
l-
d
i
l
i
f
i
t
t
t
t
t
t
c
c
e
e
r
a
o
n
o
r
o
o
a
n
m
p
e
m
e
n
a
o
n
o
n-
s
e
a
s
o
n
m
a
n
a
g
e
m
e
n
s
s
e
m
u
y
Q
i
k
l
d
l
i
b
l
d
f
l
i
b
l
f
d
b
t
t
t
t
u
c
y
e
v
e
r
a
e
a
n
e
x
e
p
r
o
c
u
r
e
m
e
n
p
r
o
g
r
a
m
s
a
r
e
o
a
c
c
o
u
n
o
r
r
o
u
n
a
o
u
f
h
G
E
R
R
Y
W
E
B
E
R
l
l
i
T
h
i
i
d
d
2
0
%
t
t
t
t
t
t
o
e
c
o
e
c
o
n
s.
e
a
m
s
o
g
e
c
u
r
r
e
n
r
e
n
s
a
n
d
i
l
d
i
h
i
k
l
i
b
l
t
t
t
t
t
t
t
t
p
r
o
u
c
s
a
o
r
e
o
c
u
r
r
e
n
r
e
q
u
r
e
m
e
n
s
o
e
s
o
r
e
s
a
s
q
u
c
y
a
s
p
o
s
s
e.
O
b
t
p
e
n
o
u
y
l
i
i
t
m
s
I
d
i
f
"o
b
"
l
i
i
t
t
t
t
n
r
o
u
c
o
n
o
p
e
n
o
u
y
m
s
L
d
l
f
l
i
b
i
l
i
i
i
h
d
i
h
d
t
t
t
t
t
t
t
e
a
s
o
g
r
e
a
e
r
s
e
a
s
o
n
a
e
x
y
n
s
e
e
r
n
g
m
e
r
c
a
n
s
e
o
e
s
o
r
e
s
a
n
-
h
M
h
t
s
o
p
s.
o
r
e
o
e
r,
e
s
e
v
l
i
i
h
l
i
d
i
i
h
d
f
t
t
t
t
t
m
s
e
p
o
a
v
o
e
x
c
e
s
s
n
v
e
n
o
r
e
s
a
e
e
n
o
a
s
e
a
s
o
n.
-
C
t
o
s
M
t
a
n
a
g
e
m
e
n
I
l
i
f
i
d
l
d
i
i
i
t
t
t
t
t
t
t
t
t
m
p
e
m
e
n
a
o
n
o
a
s
r
c
c
o
s
m
a
n
a
g
e
m
e
n
o
r
e
c
e
g
e
n
e
r
a
a
m
n
s
r
a
o
n
u
l
l
i
l
d
l
t
t
e
x
p
e
n
s
e
s
a
s
w
e
a
s
m
a
e
r
a
a
n
p
e
r
s
o
n
a
c
o
s
s
H
A
L
L
H
U
B
E
R
i
f
I
H
A
L
L
H
U
B
E
R
t
t
n
e
g
r
a
o
n
o
f
f
R
l
i
i
h
d
i
i
H
A
L
L
H
U
B
E
R
i
b
i
l
i
t
t
t
t
t
t
t
e
a
a
o
n
o
e
a
r
g
e
e
s
n
e
r
g
e
s
o
m
p
r
o
e
p
r
o
a
z
y
v
y
-
A
l
d
i
f
H
A
L
L
H
U
B
E
R
D
b
l
i
f
i
i
h
t
t
t
c
c
e
e
r
a
e
e
p
a
n
s
o
n
o
o
n
g
o
s
o
r
e
o
p
e
n
n
g
s
n
e
x
u
-
f
i
l
f
3
0
6
0
t
t
t
c
u
r
r
e
n
s
c
a
y
e
a
r
r
o
m
o
n
e
w
s
o
r
e
s.
G
E
R
R
Y
W
E
B
E
R
i
h
H
H
t
t
w
o
u
A
d
j
d
F
i
h
H
A
L
L
H
U
B
E
R
t
t
t
s
e
o
r
e
c
a
s
u
w
in
E
U
R
i
l
l
ion
m
/
2
0
1
3
1
4
/
2
0
1
4
1
5
S
l
a
e
s
8
5
2.
1
I
b
h
i
h
i
l
d
i
i
t
t
n
c
r
e
a
s
e
a
g
s
n
g
e
g
p
e
r
c
e
n
a
g
e
y
d
/
2
0
1
3
1
4
t
c
o
m
p
a
r
e
o
E
B
I
T
1
0
8.
9
D
b
2
0
%
d
2
5
%
t
e
c
r
e
a
s
e
e
e
e
n
a
n
w
d
/
2
0
1
3
1
4
t
c
o
m
p
a
r
e
o
R
i
l
E
i
t
e
a
p
a
n
s
o
n
x
l
1
4,
0
0
0
p
s
s
q
m
u
G
E
R
R
Y
W
E
B
E
R
C
1
0
%
l
f
l
o
r
e
:
+
s
a
e
s
o
o
r
s
p
a
c
e
l
d
d
i
i
l
H
A
L
L
H
U
B
E
R
6
0
t
t
p
u
s
a
o
n
a
s
o
r
e
s
  • Management of GERRY WEBER Group keeps its strategic focus on the international expansion of the Retail segment (including HALLHUBER) and the vertical integration of the distribution channels.
  • Implementation of strategic measures in order to return to the originally planned profitability
R
i
l
t
e
a
E
i
x
p
a
n
s
o
n
C
i
i
i
f
h
R
i
l
i
b
l
i
h
t
t
t
t
t
t
t
o
n
s
s
e
n
c
o
n
n
a
o
n
o
e
e
a
e
p
a
n
s
o
n
e
n
a
r
g
n
g
e
c
o
m
p
a
n
u
x
y
y
-

f
d
l
l
b
l
1
0
%
t
t
m
a
n
a
g
e
s
a
e
s
o
o
r
s
p
a
c
e
a
e
a
s
p
e
r
e
a
r
y
y
R
i
l
f
C
l
d
E
E
S
d
i
i
C
d
t
t
e
g
o
n
a
o
c
u
s
:
e
n
r
a
a
n
a
s
e
r
n
u
r
o
p
e,
c
a
n
n
a
v
a,
a
n
a
a
-
f
S
C
P
i
h
k
h
U
E
i
h
R
i
l
t
t
t
t
t
t
t
t
t
r
e
p
a
r
a
o
n
o
e
m
a
r
e
e
n
r
o
n
e
a
s
o
a
s
o
n
e
a
y
w
w
-
L
h
f
h
h
f
i
i
t
t
t
t
a
u
n
c
o
e
n
e
w
s
o
p
n
g
c
o
n
c
e
p
-
V
i
l
t
e
r
c
a
I
i
t
t
n
e
g
r
a
o
n
f
f
f
f
I
d
i
l
i
i
b
l
h
l
d
d
h
l
t
t
t
t
t
t
t
t
n
c
r
e
a
s
e
e
r
c
a
n
e
g
r
a
o
n
o
r
a
e
e
r
c
o
n
r
o
o
e
o
o
g
o
o
s
a
n
e
s
a
e
s
v
w
-
s
p
a
c
e
s
O
i
i
d
i
h
h
i
i
f
i
d
i
t
t
t
t
t
t,
p
m
z
e
n
v
e
n
o
r
y
m
a
n
a
g
e
m
e
n
r
o
u
g
n
e
n
s
e
n-
s
e
a
s
o
n
m
a
n
a
g
e
m
e
n
e.
g.
-
h
h
"s
d
"
h
d
h
i
k
l
d
t
t
t
t
t
t
t
t
r
o
u
g
p
e
e
p
r
o
g
r
a
m
s
o
g
e
e
p
r
o
u
c
s
o
e
s
o
r
e
s
e
v
e
n
m
o
r
e
q
u
c
y
a
n
i
l
i
i
h
l
i
t
t
t
n
n
e
a
c
a
r
e
q
r
e
m
e
n
s
w
u
u
i
/
M
k
t
a
r
e
n
g
L
i
i
t
o
g
s
c
I
l
i
f
h
l
i
i
l
d
t
t
t
t
t
m
p
e
m
e
n
a
o
n
o
e
n
e
w
o
g
s
c
s
c
e
n
e
r
a
s
p
a
n
n
e
-
U
f
d
d
i
h
i
l
d
i
h
l
T
V
i
l
t
s
e
o
m
o
e
r
n
m
e
a
s
u
c
a
s
s
o
c
a
m
e
a
c
a
n
n
e
s
o
r
a
n
e
w
c
o
m
m
e
r
c
a
o
-
h
b
d
t
t
t
t
t
s
u
p
p
o
r
e
r
a
n
s
a
e
m
e
n
s
H
A
L
L
H
U
B
E
R
I
i
f
H
A
L
L
H
U
B
E
R
d
l
i
i
f
h
d
i
t
t
t
t
t
t
n
e
g
r
a
o
n
o
a
n
r
e
a
z
a
o
n
o
e
a
r
g
e
e
s
y
n
e
r
g
e
s
-
A
l
d
i
f
H
A
L
L
H
U
B
E
R
i
G
S
i
h
U
K
d
t
t
c
c
e
e
r
a
e
e
x
p
a
n
s
o
n
o
e.
g.
n
e
r
m
a
n
y,
p
a
n,
e
a
n
-
S
d
i
i
c
a
n
n
a
v
a
f
"q
"
G
f
R
l
i
i
i
k
i
b
l
i
i
E
R
R
Y
W
E
B
E
R
i
l
t
t
e
a
a
o
n
o
c
n
s
e.
g.
e
p
o
n
g
e
c
o
n
o
m
e
s
o
s
c
a
e
z
u
w
y
x
-
P
b
l
i
i
f
h
H
l
f-
Y
R
t
t
t
u
c
a
o
n
o
e
a
e
a
r
e
p
o
r
J
1
2
2
0
1
5
u
n
e
G
S
C
f
D
h
B
k
i
&
A
i
t
t
e
s
c
e
a
n
e
r
m
a
n,
s
s
s
r
a
n
o
n
e
r
e
n
c
e
u
w
u
1
J
2
0
1
7
5
n
e
u
R
d
h
L
d
o
a
s
o
w
o
n
o
n
2
J
2
0
1
5
5
u
n
e
P
b
l
i
i
f
h
M
h
R
9-
t
t
t
t
u
c
a
o
n
o
e
o
n
e
p
o
r
S
b
1
1
2
0
1
5
t
e
p
e
m
e
r
C
B
d
I
f
M
i
h
t
t
a
a
e
r
n
e
s
m
e
n
o
n
e
r
e
n
c
e,
n
c
v
u
/
S
2
3
2
4
2
0
1
t.
5
e
p
E
d
f
h
F
i
i
l
Y
/
t
2
0
1
4
1
5
n
o
e
n
a
n
c
a
e
a
r
O
b
3
1
t
2
0
1
5
c
o
e
r

To be always updated, please have a look on our website www.gerryweber.com

GERRY WEBER International AG, Neulehenstraße 8, D-33790 Halle/Westphalia

Claudia KellertHead of Investor Relationsphone: +49(0)5201 185 8422 eMail: [email protected]

Anne Hengelage Manager Investor Relations phone: +49(0)5201 185 8522 eMail: [email protected]

Appendix I: General Footfall Development in Germany since November 2014

Da
te
Fo
Fa
l
l
In
de
t
o
x
C
ha
Yo
Y
ng
e

G
f
f
f
l
l
i
d
h
b
i
i
h
k
i
t
t
t
t
r
m
n
n
n
n
n
m
n
8
1
2,
9
4
%
e
a
o
o
a
e
a
s
e
e
e
g
a
e
o
s
o
e
e
e
s
s
c
e
x
v
w
N
b
2
0
1
4
d
h
i
t
t
o
v
e
m
e
r
c
o
m
a
r
e
o
e
r
e
v
o
u
s
e
a
r
7
6
0,
7
6
%
-
p
p
y
1
7-
No
2
0
1
4
v-
7
7
1,
1
1
%
2
4-
No
2
0
1
4
v-
8
5
0,
5
3
%
-
0
1-
De
2
0
1
4
z-
9
6
2,
6
1
%
0
8-
De
2
0
1
4
z-
9
2
6,
7
1
%
-
1
5-
De
2
0
1
4
z-
1
6
8
9
1
%
7,
-
1
7
0
2
2-
De
2
0
1
4
z-
4
3
3
1,
6
3
%
-
1
6
8
1
5
0
2
9-
De
2
0
1
4
z-
6
4
1
4,
6
2
-
0
5-
Ja
2
0
1
5
n-
7
2
6,
6
6
%
-
1
3
0
1
1
0
1
2-
Ja
2
0
1
5
n-
7
4
3,
6
7
%
-
1
9-
Ja
2
0
1
5
n-
7
8
2,
4
1
%
-
8
1
9
0
9
6
2
6-
Ja
2
0
1
5
n-
7
5
3,
1
6
%
-
9
2
0
7
8
5
0
2-
Fe
b-
2
0
1
5
7
7
1,
1
7
%
7
8
7
7
7
6
7
7
6
7
5
7
7
4
7
4
4
7
7
3
2
7
7
1
7
2
7
2
0
6
6
5
6
4
Fe
b-
5
0
9-
2
0
1
7
4
2,
9
2
%
5
3
5
2
1
6-
Fe
b-
2
0
1
5
7
3
5
1,
9
%
-
3
0
4
3
Fe
b-
5
2
3-
2
0
1
7
6
4,
0
3
%
-
1
0
0
2-
Mr
2
0
1
5
z-
7
4
5
1,
7
%
-
-1
0
Mr
5
0
9-
2
0
1
z-
7
1
0,
9
3
%
1
6-
Mr
2
0
1
5
z-
7
2
4,
6
1
%
Mr
5
2
3-
2
0
1
z-
5
2
3,
2
1
%
3
0-
Mr
2
0
1
5
z-
6
6
5,
5
8
%
-
So
Ge
Ex
ian
Fo
fa
l
l
In
de
t
ur
ce
:
p
er
o
x
rm
an
y
Ap
5
0
6-
2
0
1
r-
7
2
6,
0
2
%
-
1
3-
Ap
2
0
1
5
r-
5
3
2
1,
4
%
7
-

Warm temperatures in November and December 2014 as well as low footfall in the cities led to much lower sales compared to the previous year period for German textile market. (according to Textilwirtschaft)

DISCLAIMER

This document contains forward-looking statements that reflect GERRY WEBER International AG management's current views with respect to future events. The words "anticipate ", "assume ", "believe", "estimate", "expect", "intend", "may", "plan", "project", "should", and similar expressions identify forward-looking statements. Such statements are not be understood as in any way guaranteeing that those expectations will turn out to be accurate. Future performance and the actually achieved results by GERRY WEBER Group depend on a number of risks and uncertainties. If any of these or other risks and uncertainties occur, or if the assumptions underlying any of these statements prove incorrect, then actual results may be materially different from those expressed or implied by such statements. We do not intend or assume any obligation to update any forwardlooking statement, which speaks only as of the date on which it is made.