In the past fiscal year, the German womenswear company Gerry Weber International AG generated an EBIT margin of 9.3 percent, up from 7.9 percent in the previous year, which makes FY 2004/2005 the most profitable year in the history of the company.
The fashion company boosted its sales revenues by 11.6 percent from €352.2 million in the previous year to €393.1 million. Sales growth and internal profitability improvements led to a 28.3 percent increase in the operating result from €27.9 million to €35.8 million.
In view of the good profit situation, the Managing Board will propose payment of a dividend of €9.2 million or €0.40 per share to the Annual General Meeting on 8 June 2006. Shareholders thus stand to receive €0.05 more per share than in the previous year.
Earnings before interest, taxes, depreciation and amortisation (EBITDA) climbed from €33.4 million to €41.6 million, while net profit for the year rose from €12.7 million to €16.7 million increased by 31 percent. DVFA earnings per share were up to €0.83 from the previous year's €0.64. Staff numbers also picked up in the past fiscal year, as 130 new jobs were created mainly in the retail segment. As of the balance sheet date, the Gerry Weber Group employed 1,647 people in Germany and abroad.
In the past fiscal year, sales again reached the high level last seen before the restructuring and optimization phase during which the company streamlined its brand portfolio and boosted the efficiency of its internal processes and structures.
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