Brief: Gerry Weber FY EBIT down at 13-14 mln euros

Gerry Weber International AG

25/01/2017 13:02

Jan 25 (Reuters) - Gerry Weber  GWIG.DE : 
    * 2015/16 group sales revenues of approx. 900 million euros  
($967.05 million) 
    * Earnings expectations for current financial year 2016/17 
at previous year's level 
    * FY EBIT is between 13 and 14 million euros and 
consolidated EBITDA amounts to approx. 77 million euros 
    * For 2016/17 projects consolidated EBIT (reported) of 10 to 
20 million euros to be recognised in income statement as well as 
a moderate decline in group sales revenues (-2 pct to -4 pct) 
    * Sees 2016/2017 consolidated earnings before interest, 
taxes, depreciation and amortisation (EBITDA reported) are 
expected to amount to between 60 and 70 million euros 
    * Gerry Weber will continue to actively implement 
"fit4growth" realignment programme as planned and make 
adjustments if and when potential for improvement arises or 
volatility of market makes them necessary 
    * Managing board expects respective burdens to amount to 6 
million euros in current financial year 
 
Source text for Eikon:  ID:nEQ6Qvr4J  
Further company coverage:  GWIG.DE  
 
($1 = 0.9307 euros) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))