DGAP-News: Gerry Weber International AG / Key word(s): Quarter Results
GERRY WEBER started well into the new financial year 2013/14
14.03.2014 / 07:41
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Corporate News
GERRY WEBER started well into the new financial year 2013/14
- Sales revenues climb 3.0% to EUR 190.4 million in the first quarter of
the financial year 2013/14
- Retail revenues rise by 14.1% to EUR 97.7 million in the first three
months of the current financial year
- Like-for-like Retail revenues up by 3.2 %
(Halle/Westphalia, 14 March, 2014) In the first quarter of 2013/14, sales
revenues of GERRY WEBER International AG were up by 3.0% on the prior year
quarter to EUR 190.4 million. This growth is primarily attributable to the
increased sales contribution made by the company-managed Retail stores
opened in the past two fiscal years as well as to a 3.2% improvement in
like-for-like sales.
The company's own Retail operations contributed EUR 97.7 million to total
revenues. This is equivalent to a share of 51.3% in total group sales. The
Wholesale sales revenues declined by 6.7% to EUR 92.7 million.
Earnings before interest, taxes, depreciation and amortisation (EBITDA)
were up by 4.9% on the previous year to EUR 24.3 million in the first
quarter of 2013/14. As a result, the EBITDA margin rose moderately from
12.5% to 12.8%.
Taking into account the slightly increased depreciation, which is mainly
attributable to the Retail expansion, operating result (EBIT) rose to EUR
18.3 million in the first quarter of the current financial year after 17.8
million in the year before. At 9.6%, the EBIT margin remained unchanged
from the prior year quarter. Besides higher depreciation the margin was
primarily impacted by the shift in the winter discount campaigns from the
second to the first quarter.
The net income after tax for the first quarter of 2013/14 amounted to EUR
11.6 million (Q1 previous year: EUR 11.5 million). Based on an unchanged
number of shares, earnings per share amounted to EUR 0.25 (Q1 previous
year: EUR 0.25).
Against the background of the positive development of the Retail segment,
the improvement in Wholesale customers' ordering activity for the second
half of our fiscal year as well as our ongoing expansion strategy, we
expect both sales revenues and earnings to increase in the coming months.
Accordingly, we confirm our sales and earnings forecast issued at the end
of January 2014 of at least EUR 900 million in sales revenues and at least
EUR 120 million in EBIT.
Key figures of the GERRY WEBER Group:
<pre>
Q1 2013/14 Q1 2012/13 Changes
in %
Sales revenues (in EUR million) 190.4 184.9 3.0
EBITDA (in EUR million) 24.3 23.2 4.9
EBITDA margin (in %) 12.8 % 12.5 % 0.3
EBIT (in EUR million) 18.3 17.8 2.5
EBIT margin (in %) 9.6 % 9.6 % 0
Net income of the year (in EUR million) 11.6 11.5 0,4
Earnings per share (in EUR) 0.25 0.25 0
Headcount (average) 4,857 4,618 5.2
</pre>
Admitted to the Regulated Market of the Frankfurt Stock Exchange (Prime
Standard)
ISIN: DE0003304101/WKN: 330410
<pre>
Contact Investor Relations
GERRY WEBER International AG
Claudia Kellert Anne Hengelage
Head of Investor Relations Manager Investor Relations
phone.: +49 (0)5201 185 8422 phone.: +49 (0)5201 185 8522
e-mail: c.kellert@gerryweber.de e-mail: a.hengelage@gerryweber.de
</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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257399 14.03.2014
DGAP-News: GERRY WEBER started well into the new financial year 2013/14
| Source: EQS Group AG