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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.


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