Home / Knowledge / News / Apparel/Garments / Gerry Weber posts almost 22% sales growth in Q2 FY'12
Gerry Weber posts almost 22% sales growth in Q2 FY'12
15
Sep '12
Gerry Weber International AG continues to grow, with sales revenues up 13.9% at the nine-month stage 2011/12.

At EUR 178.4 million, sales revenues of Gerry Weber International AG in the third quarter of 2011/12 were up by 21.9% on the previous year, having climbed 7.6% in Q1 and 12.8% in Q2. This is primarily attributable to the converted WISSMACH stores and the newly opened Houses of Gerry Weber. As previously announced, 69 of the WISSMACH stores acquired as of 15 March 2012 were converted - primarily into TAIFUN and SAMOON mono-label stores - between May and July.

Group sales revenues for the first nine months of the financial year (1 November 2011 - 31 July 2012) totalled EUR 554.4 million. This represents a 13.9% increase on the previous year.

With 56 new company-managed Houses of Gerry Weber opened, half of them outside Germany, and 69 former WISSMACH stores converted, mostly into TAIFUN and SAMOON mono-label stores, the Retail segment's contribution to total Group sales increased to 38.6% at the nine-month stage. At the end of the financial year 2010/11, Retail revenues had accounted for 31.0% of total Group sales.

Wholesale revenues rose from EUR 325.5 million to EUR 332.6 million, which represented 60.0% of total Group sales revenues. Since the end of the financial year 2010/11, 33 franchised Houses of Gerry Weber have been opened, thereof 25 outside Germany. Franchisees opened stores in countries such as Russia, Belgium and the Netherlands but also in Australia, Canada and the Middle East.

In spite of the start-up and conversion costs incurred in conjunction with the WISSMACH stores acquired with effect from 15 March 2012, earnings before interest and taxes (EBIT) were up by 20.2% on Q3 2010/11 to EUR 19.7 million in Q3 2011/12. In the first nine months of 2011/12, the Gerry Weber Group generated earnings before interest and taxes (EBIT) of EUR 66.7 million, which represents an increase by 17.0%. At 12.0%, the EBIT margin for the first nine months was up by 30 basis points on the previous year's 11.7%.

Taking into account the slightly lower financial result of EUR -1.4 million as well as income taxes (EUR -20.8 million), net income after taxes increased to EUR 44.5 million (+21.9 %) at the nine-month stage 2011/12. Accordingly, earnings per share climbed from EUR 0.78 to EUR 0.97. The headcount increased from 2,927 on 31 July of the previous year to 4,283.

Gerry Weber International AG


Must ReadView All

Courtesy: Aditya Birla

Textiles | On 20th Jun 2018

'Growth of VSF yarn industry is difficult'

Growth for the viscose filament yarn (VSF) yarn industry is...

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Apparel/Garments | On 20th Jun 2018

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Italian company Eurojersey Spa will present in 2019 new embossing...

Certification for Philippine garment firms availing GSP

Textiles | On 20th Jun 2018

Certification for Philippine garment firms availing GSP

The Philippines has adopted rules on securing certificate of...

Interviews View All

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Sandip Bhojani, Manthan Patel

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

Paolo Crespi

For.Tex is an Italy-based leading producer of dyes and thickeners, and is...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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


June 2018

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

news category


Related Categories:

Advanced Search