Brief: Gerry Weber FY 2014/2015 revenue up 8.1 pct to EUR 920 mln

Gerry Weber International AG

26/01/2016 06:26

Jan 26 (Reuters) - Gerry Weber International AG  GWIG.DE : 
    * Group sales revenues climb approximately 8.1 pct to 920 
million euros ($998.66 million) in 2014/15 
    * FY 2014/2015 EBITDA dropped from 134.2 million euros in 
previous year to 115 million euros 
    * FY EBIT of 79 million euros and EBIT margin of 
approximately 8.6 pct 
    * Reduction in group's EBIT primarily attributable to 
decline in high-margin wholesale revenues and Gerry Weber core 
retail segment's lower like-for-like sales 
    * FY revenue rose 8.1 percent to 920 million euros 
    * Hallhuber makes positive contribution to group result 
    * Managing board has decided to launch a programme to 
realign Gerry Weber Group 
    * Program launched against background of unsatisfactory 
business performance of past months and continued challenging 
market environment 
 
Source text for Eikon:  ID:nEQ7ZB5dZa  
Further company coverage:  GWIG.DE  
 
($1 = 0.9212 euros) 
 
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