DGAP-News: Gerry Weber confirms international growth strategy

| Source: EQS Group AG
DGAP-News: Gerry Weber International AG / Key word(s): Final Results
Gerry Weber confirms international growth strategy

26.02.2014 / 11:20


Corporate News

GERRY WEBER confirms international growth strategy 

  - Sales revenues climb 6.2% to EUR 852.0 million in financial year

  - Stable dividend of EUR 0.75 per share to be proposed

  - Revenue and earnings growth projected for financial year 2013/14

(Halle/Westphalia, 26 February 2014) At today's annual accounts press
conference, GERRY WEBER International AG confirmed the end of January 2014
published figures for the past financial year 2012/13 and its guidance for
the financial year 2013/14. The Managing Board and the Supervisory Board
will propose payment of an unchanged dividend of EUR 0.75 per share to the
upcoming Annual General Meeting.

Against the background of the international expansion of the GERRY WEBER
Group, sales revenues increased by 6.2% to EUR 852.0 million in 2012/13.
Growth was primarily driven by the company's own Retail operations, which
contributed EUR 363.7 million or approximately 42.7% to total Group sales
revenues (previous year: 37.3%).

The opening of 68 new company-managed Houses of GERRY WEBER as well as of
47 concession stores, most of them outside Germany, clearly shows that the
company continues to implement its dynamic international growth strategy.
At the end of the financial year 2012/13, a total of 568 Houses of GERRY
WEBER and mono-label stores were operated by the company. The Retail
segment also comprises the 111 concession stores as well as five
country-specific online shops. After the balance sheet date, more new
Houses of GERRY WEBER were opened among others in Prague, Bratislava and
Malmö, which means that GERRY WEBER now operates its own stores in 12
European countries. Total sales revenues in the Retail segment were up by
21.4% on the previous year. The increase is attributable not only to the
new shops and stores but also to our e-commerce operations, whose revenues
rose sharply by 16.5% to EUR 19.5 million.

At EUR 488.3 million, the Wholesale segment accounted for about 57.3% of
the Group's total sales revenues. 23 new franchised Houses of GERRY WEBER
were opened outside Germany, including stores in Russia, the Middle East as
well as the first South American store in Santiago de Chile.

The Group's gross margin improved from 53.1% to 53.7% not least because of
the Retail segment's increased contribution to total Group sales. Against
the background of the expansion of the Retail operations, the number of
employees increased to roughly 4,700. Accordingly, personnel expenses
climbed to EUR 143.3 million (previous year: EUR 125.8 million). The
enlargement of the company-managed sales space also led to an increase in
other operating expenses, which include the rents paid for the company's
own stores, to EUR 203.7 million (previous year: EUR 187.6 million).

The past two years saw us open some 300 company-managed stores. Due to the
weather-related difficult market environment, these new stores made lower
sales and earnings contributions than originally projected. As a result,
earnings before interest and tax (EBIT) temporarily declined from EUR 115.9
million to EUR 105.8 million in 2012/13. Accordingly, net income for the
year after tax amounted to EUR 71.0 million (previous year: EUR 78.8
million). Based on an unchanged number of shares outstanding, earnings per
share stood at EUR 1.55.

Outlook on 2013/14

"Over the past years, our collections have become more modern and
international. We continued to expand both our own Retail stores in Germany
and abroad and our international brand presence. We will continue this
growth strategy in the coming years and open between 65 and 75 new
company-managed Houses of GERRY WEBER every year, particularly abroad.
Based on these developments and the unique positioning of our brands, we
are well prepared for the future," said Gerhard Weber, CEO of the company.

Accordingly, the Managing Board projects sales revenues of at least EUR 900
million for the current financial year 2013/14. As the company aims to grow
profitably, earnings before interest and tax (EBIT) are expected to climb
from EUR 105.8 million to at least EUR 120 million.

Key figures of the GERRY WEBER Group:


                                             2012/13    2011/12    Change

                                                                   in %
Sales revenues (in EUR millions)               852.0      802.3        6.2

EBITDA (in EUR million)                        127.4      132.3       -3.6

EBIT (in EUR millions)                         105.8      115.9       -8.7

EBIT margin (in %)                            12.4 %     14.5 %

Net income for the year (in EUR millions)       71.0       78.8       -9.9

Earnings per share (in EUR)                     1.55       1.72       -9.9

Dividend per share (in EUR)                    0.751       0.75        0.0

Headcount (annual average)                     4,700      4,121       14.0


1 to be proposed to next AGM

Admitted to the Regulated Market of the Frankfurt Stock Exchange (Prime
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: c.kellert@gerryweber.de          E-mail: n.lauterbach@gerryweber.de


End of Corporate News


26.02.2014 Dissemination of a Corporate News, transmitted by DGAP - a
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Language:    English                                            
Company:     Gerry Weber International AG                       
             Neulehenstraße 8                                   
             33790 Halle/Westfalen                              
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  
254342 26.02.2014