Brief: Gerry Weber International Says Turnover And Earnings Forecast For 2020 And 2021 Remain Unchanged

Gerry Weber International AG

15/03/2021 17:08

March 15 (Reuters) - GERRY WEBER INTERNATIONAL AG
 GWI2k.DE :
    * GERRY WEBER INTERNATIONAL AG: AUDIT OF THE ANNUAL AND
CONSOLIDATED FINANCIAL STATEMENTS 2020 DELAYED - TURNOVER AND
EARNINGS FORECAST FOR THE FINANCIAL YEARS 2020 AND 2021 REMAIN
UNCHANGED
    * WITH RESPECT TO FINANCIAL YEAR 2020, GERRY WEBER
INTERNATIONAL
AG CONTINUES TO EXPECT CONSOLIDATED REVENUE BETWEEN EUR 260
MILLION
    * WITH RESPECT TO FINANCIAL YEAR 2020, GERRY WEBER
INTERNATIONAL
AG CONTINUES TO EXPECT CONSOLIDATED REVENUE BETWEEN EUR 260
MILLION AND EUR 280 MILLION
    * EXPECTS 2020 NORMALIZED EBITDA (EXCLUDING. EFFECTS
RESULTING
FROM AMENDED LEASE ACCOUNTING TO IFRS 16 APPLICABLE AS OF APRIL
2019) TO COME IN AT A NEGATIVE MEDIUM DOUBLE-DIGIT MILLION
AMOUNT
    * FOR CURRENT FINANCIAL YEAR 2021, GERRY WEBER INTERNATIONAL
AG
EXPECTS AGAIN A CONSOLIDATED REVENUE BETWEEN EUR 260 MILLION AND
EUR 280 MILLION
    * SIGNIFICANTLY IMPROVED NORMALISED EBITDA OF GROUP
(EXCLUDING.
EFFECTS RESULTING FROM AMENDED LEASE ACCOUNTING TO IFRS 16
APPLICABLE AS OF APRIL 2019) IS EXPECTED FOR 2021, WHICH WILL
COME IN AT A NEGATIVE LOW DOUBLE-DIGIT MILLION AMOUNT

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