DGAP-News: Gerry Weber International AG / Key word(s): Quarter Results Gerry Weber International AG benefits from new store openings and generates sales revenues of EUR 184.9 million in Q1 2012/13 15.03.2013 / 07:37 --------------------------------------------------------------------- Corporate News GERRY WEBER benefits from new store openings and generates sales revenues of EUR 184.9 million in Q1 2012/13 - Sales revenues in Q1 2012/13 up 12.0% on previous year to EUR 184.9 million - Retail revenues climb 36.1% in first three months of current fiscal year to EUR 85.6 million - In spite of one-time expenses for the Retail expansion, earnings before interest and taxes (EBIT) remain almost unchanged at EUR 17.8 million (Q1 2011/12: EUR 17.7 million) (Halle/Westphalia, 15 March 2013) In spite of the difficult market conditions prevailing in the first three months of 2012/13 (1 November 2012 - 31 January 2013), GERRY WEBER International AG boosted its Group sales revenues from EUR 165.1 million in the same period of the previous year to EUR 184.9 million. The 12.0% increase is primarily attributable to the expansion of the Retail segment and the new Houses of GERRY WEBER and mono-label stores opened in this context. Based on the national and international expansion of the retail spaces, the Retail segment increased its first-quarter sales by 36.1% from EUR 62.9 million to EUR 85.6 million. Against the background of the weak market environment, which was characterised by reduced consumer spending, and the weather-related decline in customer frequency, like-for-like sales were down by 3.4% on the previous year. A look at the sales trend in the German fashion market shows that the market as a whole reported much higher declines. An independent German trade magazine for the fashion business determined a negative sales trend for November and December 2012 as well as January 2013 between -5% and -9% compared to the respective prior year months. The Wholesale segment generated sales revenues of EUR 99.3 million, down 2.8% on the first quarter of the previous year. This decline is not only attributable to the weaker market environment but also to a change in segment reporting and the related adjustment of the prior year figures. Also, the Wholesale revenues for the first three months of the previous year still included the revenues generated by the acquired Dutch Franchise stores. After GERRY WEBER International AG acquired a majority stake in these retail spaces, they now form part of the Retail segment. At EUR 17.8 million, earnings before interest and taxes (EBIT) in the first quarter of 2012/13 remained almost unchanged from the previous year's EUR 17.7 million. The first three months of the fiscal year 2012/13 were still adversely affected by the effects of the above-average expansion of the Retail segment and the weak market environment. Newly opened retail spaces initially generate a lower sales level than an existing store. This means that the profit contribution of the newly opened retail spaces is initially lower than that of an established store. In the past fiscal year 2011/12, some 230 Houses of GERRY WEBER and mono-label stores were created as a result of acquisitions and individual store openings as well as 25 formerly franchised Houses of GERRY WEBER were taken over. In the first quarter 2012/13 as scheduled further 20 openings have taken place. Due to the increased revenue contribution made by the Retail segment, the start of winter sales in January 2013 also had a stronger impact on the operating margin than in the previous years. Accordingly, the EBIT margin declined from 10.7% from the prior year quarter to 9.6%. At EUR 11.5 million, net income for the period after deduction of the financial result and income taxes was on a par with the previous year. As a result, earnings per share remained constant at EUR 0.25 in Q1 2012/13. Barring an unforeseen deterioration in the economic environment in our key output markets, we once again confirm the guidance for the current fiscal year 2012/13. The company has set itself a consolidated sales target of between EUR 890 million and EUR 900 million. This would again represent a double-digit increase on the previous year. In spite of the challenging market environment, we expect to grow profitably and stick to our EBIT target of EUR 131 million to EUR 135 million for the fiscal year 2012/13. Both the Retail segment and the Wholesale segment are clearly poised for growth in the coming months. The five GERRY WEBER brands hold an excellent position in its market segment. Therefore we see sufficient growth opportunities especially outside Germany. With an equity ratio of 80.1% we are well prepared to seize these opportunities. Key figures of the GERRY WEBER Group: <pre> Q1 2012/13 Q1 2011/12 Change in % Sales revenues (in EUR millions) 184.9 165.1 12.0 EBIT (in EUR millions) 17.8 17.7 0.8 EBIT margin (in %) 9.6 % 10.7 % -1,1 Net income for the period (in EUR millions) 11.5 11.5 0.0 Earnings per share (in EUR) 0.25 0.25 0.0 Equity ratio (in %) 80.1 % 78.0 % 2.1 Employees (end of reporting period) 4,618 3,409 35.5 </pre> Admitted to the Regulated Market of the Frankfurt Stock Exchange (Prime Standard) ISIN: DE0003304101 WKN: 330410 <pre> Investor Relations Contact GERRY WEBER International AG Claudia Kellert NeulehenstraÃe 8 D - 33790 Halle/Westphalia phone: +49 (0) 52 01-185 8422 email: c.kellert@gerryweber.de </pre> End of Corporate News --------------------------------------------------------------------- 15.03.2013 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 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 --------------------------------------------------------------------- 203976 15.03.2013
DGAP-News: Gerry Weber International AG benefits from new store openings and generates sales revenues of EUR 184.9 million in Q1 2012/13
| Source: EQS Group AG