Brief: Gerry Weber International FY Adj. EBITDA At EUR -40.8 Mln

Gerry Weber International AG

30/04/2021 11:56

April 30 (Reuters) - GERRY WEBER INTERNATIONAL AG
 GWI2k.DE :
    * REVENUES AND EBITDA OF GERRY WEBER REACH FORECAST LEVELS
IN FY
2020
    * FY ADJUSTED EBITDA LOSS -40.8 MILLION EUR
    * FY ADJUSTED EBIT LOSS -57.1 MILLION EUR VERSUS 122.9
MILLION EUR
PROFIT YEAR AGO
    * FY EBIT LOSS -51.7 MILLION EUR VERSUS 130 MILLION EUR
PROFIT
YEAR AGO
    * FY REVENUE 278.2 MILLION EUR
    * FY EPS LOSS 58.12 EUR VERSUS 105.96 EUR PROFIT YEAR AGO
    * FY NET LOSS -65.4 MILLION EUR
    * MARCH 2020 FORECAST ACHIEVED
    * EXPECTS REVENUES FOR FISCAL YEAR 2021 TO ALSO COME IN AT
BETWEEN
EUR 260 MILLION AND EUR 280 MILLION.
    * BELIEVES THAT IT WILL BE POSSIBLE TO IMPROVE COMPANY'S
PROFITABILITY AND TO GENERATE NORMALISED CONSOLIDATED EBITDA
(ADJUSTED FOR EFFECTS OF LEASE ACCOUNTING IN ACCORDANCE WITH
IFRS 16) IN A LOW NEGATIVE DOUBLE-DIGIT MILLION RANGE IN 2021.

Source text for Eikon:  ID:nEQ7Tvstka 
Further company coverage:  GWI2k.DE 

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