Home / Knowledge / News / Fashion / Gerry Weber net sales up 14% for FY 2006/07
Gerry Weber net sales up 14% for FY 2006/07
10
Jan '08
Reporting new record numbers for the fiscal year 2006/2007, GERRY WEBER International AG has exceeded its sales and earnings targets and impressively continued the dynamic growth seen in recent years. Preliminary figures show sales at approximately EUR 505.0 million which is 14.0 percent up on the previous year's EUR 442.8 million and even clearly ahead of the targeted EUR 500.0 million.

Earnings before interest and taxes (EBIT) rose even faster by 25.9 percent to EUR 51.6 million (previous year 41.0 million). The EBIT margin improved by just under one percentage point from the previous year's 9.3 percent to 10.2 percent in the financial year 2006/2007.

Managing Board Chairman Gerhard Weber said: "These record numbers mean that we have opened a new chapter in our company's history. For the first time ever we have pushed past the magical mark of half a billion euros in sales, with our EBIT margin moving into double digit territory at the same time. This proves the wisdom of the expansion strategy we have pursued in recent years and we will continue to go all out for growth in the future as well!"

The clear sales growth is primarily attributable to higher sales for the GERRY WEBER core brand and the excellent development of the retail segment which groups the sales of the 66 company-managed HOUSES OF GERRY WEBER. Retail was the Group's fastest growing segment in the financial year 2006/2007, with growth coming both from the opening of another 15 own HOUSES OF GERRY WEBER and from higher same- store sales. A total of 177 HOUSES OF GERRY WEBER are currently managed by the company and its franchisees.

A very positive development was also recorded in the monobrand stores for the younger TAIFUN-Collection label, the SAMOON plus sizes collection and the successful GERRY WEBER EDITION sublabel. The 1,198 shop-in-shop outlets contributed to overall sales growth as well. The significant sales increase in 2006/2007 was accompanied by clearly disproportional profit growth which primarily reflected the GERRY WEBER Group's exceptional positioning in the market.


Must ReadView All

Gujarat finance minister Nitin Patel. Courtesy: Global Gujarat News

Textiles | On 22nd Feb 2018

Rs843 cr for MSMEs, Rs35 cr for khadi in Gujarat budget

The Gujarat government has made a provision of Rs 843 crore in the...

Amazon India crosses 3 lakh seller base in less than 5 yrs

Apparel/Garments | On 22nd Feb 2018

Amazon India crosses 3 lakh seller base in less than 5 yrs

Amazon recently claimed to have crossed the three-lakh seller base in ...

Indian e-retail market may see 250% growth in 3 yrs: Crisil

Apparel/Garments | On 22nd Feb 2018

Indian e-retail market may see 250% growth in 3 yrs: Crisil

India’s e-retail market may rise by 250 per cent in the next three...

Interviews View All

Representatives
Textile & apparel industry

GST is a complicated and lengthy process

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Headhonchos
Indian fashion industry

Organic the first choice of any environment-conscious person

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Judy Frater
Somaiya Kala Vidya

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

Ritu Kumar
Label Ritu Kumar

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

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

February 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
70.6%
No
12.7%
Skip
16.7%

Total Votes: 102

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.7%
No
29.4%
Skip
6.9%

Total Votes: 102

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
88.2%
No
8.8%
Skip
2.9%

Total Votes: 102

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
83.3%
No
7.8%
Skip
8.8%

Total Votes: 102


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search