Brief: Gerry Weber 2015/16 group sales revenues at EUR 900.8 mln

Gerry Weber International AG

23/02/2017 06:40

Feb 23 (Reuters) - Gerry Weber International AG  GWIG.DE : 
    * 2015/16 group sales revenues of 900.8 million euros 
($950.79 million) 
    * FY EBITDA of 77.3 million euros and EBIT of 13.8 million 
euros  
    * FY group's consolidated net income after taxes amounted to 
 0.5 million euros, compared to 52.2 million euros in previous 
year 
    * Proposal to pay out a dividend of 0.25 euro per share 
euros  
    * Fit4growth realignment programme proceeding to plan 
    * Projects resulting special charges to amount to about 6 
million euros in current financial year, compared to 31.2 
million euros in previous year 
    * Earnings projections for FY 2016/17 at prior year level 
    * Expects sales revenues in 2016/17 to decline by a moderate 
-2 percent to -4 percent compared to previous year 
    * Does not expect earnings to increase significantly in FY 
2016/17 and projects consolidated EBIT of between 10 million and 
20 million euros for current financial year 
    * Expects to enter a phase of sustainable profitable growth 
in third year following start of realignment exercise, i.e. in 
financial year 2017/18 
    * For current financial year consolidated earnings before 
interest, taxes, depreciation and amortisation (EBITDA reported) 
is expected to come in at between 60 million and 70 million 
euros 
 
     
Source text for Eikon:  ID:nEQ7zL1YQ  
     
Further company coverage:  GWIG.DE  
 
($1 = 0.9474 euros) 
 
 (Gdynia Newsroom) 
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