DGAP-News: Gerry Weber International AG / Key word(s): Interim Report
Gerry Weber International AG continues to grow, with sales revenues up
13.9% at the nine-month stage 2011/12
14.09.2012 / 07:30
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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
|[![CDATA[|[pre|]]]|]
9M 9M Q3 Q3 Changes Changes
201- 201- 201- 201- 9M (in 3Q (in
1/12 0/11 1/12 0/11 %) %)
Sales (in EUR 554.4 486.8 178.4 146.4 13.9 % 21.9 %
million)
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 44.5 36.0 12.8 10.5 23.5 % 21.9 %
period (in EUR
million)
Earnings per share 0.97 0.78 0.28 0.23 24.4 % 21.7%
(in Euro)
Equity ratio (in 77.0% 73.5% 77.0% 73.5% 3.5 % 3.5 %
%) % %
Number of employees 4,283 2,927 4,283 2,927 46.3 % 46.3 %
(as of 31.7.2012)
|[![CDATA[|[/pre|]]]|]
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
|[![CDATA[|[pre|]]]|]
Investor Relations contact Press contact
GERRY WEBER GERRY WEBER
International AG International AG
Claudia Kellert Anika Gaidas
NeulehenstraÃe 8 NeulehenstraÃe 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: c.kellert@gerryweber.de E-mail: a.gaidas@gerryweber.de
|[![CDATA[|[/pre|]]]|]
End of Corporate News
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Language: English
Company: Gerry Weber International AG
NeulehenstraÃe 8
33790 Halle/Westfalen
Germany
Phone: +49 (0)5201 185-0
Fax: +49 (0)5201 5857
E-mail: c.kellert@gerryweber.de
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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185233 14.09.2012
DGAP-News: Gerry Weber International AG continues to grow, with sales revenues up 13.9% at the nine-month stage 2011/12
| Source: EQS Group AG