Gerry Weber retail revenues climb 36.1% in Q1 FY'13

16 Mar '13

4 min read

At EUR 11.5 million, net income for the period after deduction of the financial result and income taxes was on a par with the previous year. As a result, earnings per share remained constant at EUR 0.25 in Q1 2012/13. Barring an unforeseen deterioration in the economic environment in our key output markets, we once again confirm the guidance for the current fiscal year 2012/13. The company has set itself a consolidated sales target of between EUR 890 million and EUR 900 million. This would again represent a double-digit increase on the previous year. In spite of the challenging market environment, we expect to grow profitably and stick to our EBIT target of EUR 131 million to EUR 135 million for the fiscal year 2012/13.

Both the Retail segment and the Wholesale segment are clearly poised for growth in the coming months. The five GERRY WEBER brands hold an excellent position in its market segment. Therefore we see sufficient growth opportunities especially outside Germany. With an equity ratio of 80.1% we are well prepared to seize these opportunities.

Gerry Weber International AG

More Gerry Weber International AG News... More Apparel/Garments News - Germany...