Home / Knowledge / News / Apparel/Garments / Gerry Weber clocks 10.5% growth in H1 FY'12 sales
Gerry Weber clocks 10.5% growth in H1 FY'12 sales
Jun '12


Gerry Weber International AG remains on track to reach targets for FY 2011/12 as sales revenues grow by 10.5%.

- 2011/12 first-half sales increase to EUR 376.0 million (H1 2010/11: EUR 340.4 million)

- Earnings before interest and taxes (EBIT) rise 15.8% to EUR 47.0 million

- EBIT margin climbs to 12.5% in first half of 2011/12 (H1 2010/11: 11.9%)

Following a 7.6% increase in sales revenues in the first quarter of the financial year 2011/12, Gerry Weber International AG boosted its revenues by 12.8% in the second quarter compared to the previous year. The Gerry Weber Group's sales revenues rose from EUR 187.0 million in the prior year quarter to EUR 211.0 million in the second quarter of 2011/2012 (1 Feb. - 30 April 2012).

Group sales revenues for the first half of the current financial year (1 Nov. 2011 - 30 April 2012) totalled EUR 376.0 million, which represents a year-on-year increase of 10.5%.

At EUR 131.8 million (H1 2010/11: EUR 100.7 million), the Retail segment accounted for 35.0% of total Group revenues, up from 29.6% in the first half of the previous year. Wholesale revenues also showed a positive trend and climbed from EUR 236.4 million to EUR 238.9 million in the first half of 2011/12.

In spite of the start-up and conversion expenses resulting from the takeover of the former WISSMACH stores, earnings before interest and taxes (EBIT) improved significantly. The EBIT margin climbed from 13.4% in the second quarter of FY 2010/11 to 13.9% in Q2 2011/12, when earnings before interest and taxes (EBIT) totalled EUR 29.3 million.

The Gerry Weber Group's EBIT for the first six months of 2011/12 amounted to EUR 47.0 million, with the EBIT margin reaching 12.5% (previous year: 11.9%).

Taking into account the financial result of EUR -1.0 million and income taxes (EUR -14.3 million), net income for the first half of 2011/12 after taxes increased by +24.1% to EUR 31.6 million. Accordingly, earnings per share rose from EUR 0.57 to EUR 0.69.

43 company-managed Houses of Gerry Weber were opened in the first six months of 2011/12, thereof 20 outside Germany. Another 25 new Houses of Gerry Weber were opened by franchisees. Throughout the world, our attractive brands are sold in over 560 Houses of Gerry Weber and almost 2,500 shop-in-shops; these figures do not include the yet-to-be-converted former WISSMACH stores.

Gerry Weber International AG feels that the good performance in the first half of 2011/12 supports its sales and earnings forecast for the full year 2011/12. Taking into account 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: UPM Raflatac

Apparel/Garments | On 17th Jan 2017

New residue free textile label adhesive from UPM Raflatac

Producer of self adhesive label materials UPM Raflatac, has...

Courtesy: Authentic Brands Group

Apparel/Garments | On 17th Jan 2017

Teen retailer Aéropostale reopens 500 stores in US

Teen apparel retailer Aéropostale has reopened 500 stores in the US,...

Courtesy: Centric Software

Information Technology | On 17th Jan 2017

Centric releases version 6.0 of PLM solution

Centric Software, the leading PLM solution for fashion, retail,...

Interviews View All

Awen Delaval

'Natural fibres are appreciated for traditional authenticity'

Nuno Venda

‘There has been an increase in demand for water based inks, rather than...

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

January 2017

January 2017

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


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search