Brief: Gerry Weber Q1 EBITDA down at EUR 14.5 mln

Gerry Weber International AG

16/03/2016 06:33

March 16 (Reuters) - Gerry Weber International AG  GWIG.DE : 
    * Gerry weber closes difficult first quarter 2015/16 
    * Q1 sales revenues up 11.1 pct to 213.7 million euros 
($237.14 million) on prior year period 
    * Q1 consolidated EBITDA declined from 24.2 million euros to 
14.5 million euros 
    * Earnings situation of the GERRY WEBER Group deteriorates 
also because of extraordinary expenses 
    * Confirms guidance issued on Feb. 26  
    * Projects group sales revenues of between 890 million 
euros and 920 million euros for financial year 2015/16 
    * Implementation of the realignment programme will lead to 
extraordinary expenses and write-downs totalling approx. 36 
million euros, which will weigh on Group's bottom line in the 
next 18 to 24 months 
    * Expects Group EBIT to amount to between 10 million euros 
and 20 million euros in the financial year 2015/15, the biggest 
part of which will be contributed by HALLHUBER 
 
Source text for Eikon:  ID:nEQ25rVbma  
Further company coverage:  GWIG.DE  
 
($1 = 0.9011 euros) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 698 3920;))