Home / Knowledge / News / Apparel/Garments / EBIT climbs 14% to EUR 17.7 mn at GERRY WEBER
EBIT climbs 14% to EUR 17.7 mn at GERRY WEBER
19
Mar '12
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.

GERRY WEBER International AG


Must ReadView All

Courtesy: Bangladesh Bank

Apparel/Garments | On 22nd May 2018

Bangladesh Bank enhances EDF loan limit to $25 million

Bangladesh Bank has enhanced the loan limit under Export Development...

Sri Lanka's textile imports up 32.5% in February 2018

Textiles | On 22nd May 2018

Sri Lanka's textile imports up 32.5% in February 2018

In what might be an indication of higher exports in the coming...

Provide power at Rs 8/kWh to textile units: APTMA

Textiles | On 22nd May 2018

Provide power at Rs 8/kWh to textile units: APTMA

All Pakistan Textile Mills Association (APTMA) has asked the...

Interviews View All

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


May 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search