DGAP-News: GERRY WEBER closes best year in the history of the company
(firmenpresse) - DGAP-News: Gerry Weber International AG / Key word(s): Preliminary
Results/Forecast
GERRY WEBER closes best year in the history of the company
18.01.2011 / 08:30
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GERRY WEBER closes best year in the history of the company
Profit expectations exceeded by far
Halle/Westphalia, 18 January 2011
In the fiscal year 2009/2010 (31 October), GERRY WEBER International AG
marked new sales and earnings records and continued its long success story
in an impressive manner. According to preliminary figures, Group sales were
up by 4.7 percent on the previous year's EUR 594.1 million to EUR 621.9
million. Earnings before interest and taxes (EBIT) increased at a
disproportionate rate of 16.9 percent from EUR 71.2 million in the previous
year to EUR 83.3 million in fiscal 2009/2010. The EBIT margin improved from
12.0 to 13.4 percent. The company thus even exceeded the targets it had set
itself for the past fiscal year in terms of sales revenues (EUR 615-620
million) and EBIT margin (13.0 percent).
Growth was primarily driven by the 405 Retail stores, of which 227 are
operated by franchisees, with the rest managed by the company itself. The
Wholesale segment increased the number of shop-in-shops to 2,003. This once
again proves that GERRY WEBER is regarded as a reliable retail partner, who
is interested in its customers generating good revenues and excellent rates
of return. 'All processes of our company are geared to the needs and
demands of the final consumer,' said CEO Gerhard Weber.
As announced earlier, the company's excellent profitability situation has
prompted the Managing Board to propose a dividend of EUR 1.10 per voting
share to the Annual General Meeting. This represents an increase of a good
29.4 percent or EUR 0.25 per share on the previous year. The steady
increase in the dividend over the past years shows that shareholders are
given an adequate share in the sustainable success of the GERRY WEBER
Group.
The company intends to further expand its Retail activities in the form of
own and franchised stores in the current fiscal year. The GERRY WEBER Group
plans to open 65 - 75 company-managed and 60 - 70 franchised HOUSES OF
GERRY WEBER in the fiscal year 2010/2011, mainly abroad. The cooperation
with wholesale customers will also be intensified. Within the next two to
three years, the GERRY WEBER Group wants to have maximum order limit
arrangements with two thirds of its customers. The number of shop-in-shops
will increase by roughly 200 to 2,200 in the current fiscal year.
At this stage, the Managing Board projects consolidated sales revenues of
approx. EUR 690 million for the fiscal year 2010/2011, which would
represent an increase by 11,0 percent. The EBIT margin is expected to rise
to more than 14.0 percent.
Investor relations contact:
GERRY WEBER INTERNATIONAL AG
Hans-Dieter Kley
Neulehenstraße 8
D - 33790 Halle/Westfalen
Tel.: +49 (0) 52 01 - 1850
Fax: +49 (0) 52 01 - 5857
E-mail: h.kley(at)gerryweber.de
End of Corporate News
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Language: English
Company: Gerry Weber International AG
Neulehenstraße 8
33790 Halle/Westfalen
Deutschland
Phone: +49 (0)5201 185-0
Fax: +49 (0)5201 5857
E-mail: h.kley(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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109206 18.01.2011
Datum: 18.01.2011 - 08:30 Uhr
Sprache: Deutsch
News-ID 33014
Anzahl Zeichen: 0
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Kategorie:
Business News
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