Gerry Weber International AG / Key word(s): Forecast/Development of Sales 11.10.2010 16:48 --------------------------------------------------------------------------- · GERRY WEBER's Retail segment reports double-digit increase in sales for the past three months · Group sales projected to return to double-digit growth (Halle/Westphalia, 11 Oct. 2010) In the July to September quarter, the GERRY WEBER Group increased its Retail sales revenues to EUR 29.7 million, which represents a 14.2 percent increase on the same period of the previous year (EUR 26.0 million). The Retail segment, which comprises the company-managed HOUSES OF GERRY WEBER in Germany and abroad, is the fastest-growing segment of the GERRY WEBER Group. At the nine-month stage of 2009/10, Retail sales had totalled EUR 124.7 million, up from EUR 101.9 million in the previous year. 'This trend vindicates our strategy to opt for younger collections that make an even more stylish statement. We thus cater exactly to the needs of consumers who want high quality and modern design,' said CEO Gerhard Weber. The company feels it is excellently positioned to reach its growth targets for the full fiscal year. Group sales revenues will amount to about EUR 620 million (previous year: EUR 594.1 million), while the EBIT margin will rise to 13 percent (previous year: 12 percent). The GERRY WEBER Group intends to achieve again double-digit sales growth in the following years that does not only refer to the Company's own Retail business but also to its international Wholesale segment. In two to three years, the Company's EBIT margin is to rise to 15 percent. Investor relations contact: GERRY WEBER International AG Hans-Dieter Kley NeulehenstraÃe 8 D-33790 Halle/Westfalen Tel. 05201 - 185 0 Fax 05201 - 58 57 E-mail: h.kley@gerryweber.de 11.10.2010 16:48 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. 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 NeulehenstraÃe 8 33790 Halle/Westfalen Deutschland Phone: +49 (0)5201 185-0 Fax: +49 (0)5201 5857 E-mail: h.kley@gerryweber.de Internet: www.gerryweber-ag.de ISIN: DE0003304101 WKN: 330410 Indices: SDAX Listed: Regulierter Markt in Frankfurt (Prime Standard), Düsseldorf; Freiverkehr in Berlin, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------
DGAP-News: GERRY WEBER's Retail segment reports double-digit increase in sales for the past three months
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