Brief: Gerry Weber International 9-month Net Loss Narrows To EUR 32.2 Million

Gerry Weber International AG

30/11/2020 16:47

Nov 30 (Reuters) - Gerry Weber International AG  GWI2k.DE :
    * 9-MONTH GROUP SALES DOWN AT EUR 227.1 MILLION (PREVIOUS
YEAR:
EUR 367.5 MILLION)
    * REVENUES OUTLOOK FOR 2020 UNCHANGED AT EUR 260 MILLION -
EUR 280
MILLION
    * 9-MONTH CONSOLIDATED NET INCOME FOR PERIOD IMPROVED TO EUR
-32.2
MILLION (EUR -256.0 MILLION)
    * 9-MONTH EBIT) IMPROVED TO EUR -22.2 MILLION (EUR -130.2
MILLION)
    * 9-MONTH EBITDA EXPERIENCED A SIGNIFICANT RELIEF BECAUSE OF
SUCCESSFUL RESTRUCTURING IN PERSONNEL EXPENSES (EUR 70.9 MILLION
COMPARED TO EUR 93.4 MILLION IN PREVIOUS YEAR)

Source text for Eikon:  ID:nEQ5zxsGta 
Further company coverage:  GWI2k.DE 

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