DGAP-News: Gerry Weber International AG has a successful start to Q1 2011/12 and generates quarterly revenues of EUR 165.1 million
(firmenpresse) - DGAP-News: Gerry Weber International AG / Key word(s): Interim Report
Gerry Weber International AG has a successful start to Q1 2011/12 and
generates quarterly revenues of EUR 165.1 million
16.03.2012 / 07:30
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Corporate News
GERRY WEBER International AG has a successful start to Q1 2011/12 and
generates quarterly revenues of EUR 165.1 million
- Sales revenues in Q1 2011/12 up 7.6% on prior year quarter
- Earnings before interest and taxes (EBIT) climb 14.0% to EUR 17.7
million
- EBIT margin rises to 10.7% in Q1 2011/12 (Q1 2010/11: 10.1%)
(Halle/Westphalia, 16 March 2012) GERRY WEBER International AG continued to
grow in the first three months of the new financial year 2011/12. Sales
revenues rose from EUR 153.5 million in the first quarter of the previous
year to EUR 165.1 million. Earnings before interest and taxes (EBIT)
increased by a disproportionate 14.0% to EUR 17.7 million (Q1 2010/11: EUR
15.5 million).
The 7.6% increase in sales revenues is all the more impressive as the
delivery date for parts of the spring/summer collection was shifted to meet
customer requirements. Parts of the wholesale revenues will therefore not
be invoiced in the first quarter, as was previously the case, but only in
the second quarter. This means that the figures for the two quarters cannot
be fully compared.
Due to the improvement in the cost of materials as a percentage of sales
and strict cost management, earnings before interest and taxes (EBIT)
increased by a disproportionate 14% to EUR 17.7 million, while the EBIT
margin climbed to 10.7% in the first quarter of the fiscal year.
Deducting a financial result of EUR -0.5 million as well as income taxes
(EUR 5.7 million), net income after taxes for the first quarter of 2011/12
increased to EUR 11.5 million (+16.7%). Based on the number of shares
outstanding, earnings per share amounted to EUR 0.25 (Q1 2010/11: EUR
0.23).
The continued expansion of the own Retail operations, especially outside
Germany, remains an important strategic objective of the GERRY WEBER Group.
To achieve this target, 22 company-managed Houses of GERRY WEBER were
opened in the first three months of the current financial year, thereof 18
abroad. Due to the opening of new company-managed Houses of GERRY WEBER in
the past months and a 6.2% increase in like-for-like sales, the Retail
segment's sales revenues climbed from EUR 49.4 million to EUR 62.9 million
in Q1 2011/12. This represents an increase of 27.3% on the prior year
quarter. The number of franchised Houses of GERRY WEBER rose by six to a
total of 266 worldwide in the first quarter of 2011/12, while the number of
shop-in-shops climbed from 2,292 to 2,347 as of 31 January 2012.
GERRY WEBER International AG believes that the good performance in the
first three months of 2011/12 confirms its sales and earnings projections
for the full year 2011/12. Against the background of the effects of the
takeover of the former WISSMACH stores, the company projects Group revenues
of EUR 795 million and an EBIT margin of 14.5% to 14.6% for the current
financial year.
Key figures of the GERRY WEBER Group for Q1 2011/12:
Q1 2011/12 Q1 2010/11* Q1 2011/12: on the basis of 45,905,960 shares
Sales (in EUR mn) 165,1 153,5
EBIT (in EUR mn) 17,7 15,5
EBIT margin in % 10,7 % 10,1 %
Net profit (in EUR mn) 11,5 9,8
Earnings per share (in Euro) 0,25* 0,23**
Equity ratio (in %) 78,0 % 71,7 %
Employees 3.409 2.794
** Q1 2010/11: to improve comparability we took into account the doubling
of shares through the issue of free shares on a 1:1 basis in July 2011
Admitted to the Regulated Market of the Frankfurt Stock Exchange (Prime
Standard)
ISIN: DE0003304101
WKN: 330410
Investor Relations Contact Press ContactEnd of Corporate News
GERRY WEBER International AG GERRY WEBERInternational 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(at)gerryweber.de E-mail:
n.lauterbach(at)gerryweber.de
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16.03.2012 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,
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Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Gerry Weber International AG
Neulehenstraße 8
33790 Halle/Westfalen
Germany
Phone: +49 (0)5201 185-0
Fax: +49 (0)5201 5857
E-mail: c.kellert(at)gerryweber.de
Internet: www.gerryweber-ag.de
ISIN: DE0003304101
WKN: 330410
Listed: Regulierter Markt in Düsseldorf, Frankfurt (Prime
Standard); Freiverkehr in Berlin, Stuttgart
End of News DGAP News-Service
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160870 16.03.2012
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