Brief: Gerry Weber sells investment property, confirms FY outlook

Gerry Weber International AG

22/12/2016 13:16

Dec 22 (Reuters) - Gerry Weber International AG  GWIG.DE : 
    * Sells an externally used investment property, and confirms revenue and EBIT forecasts for 
FY 2015/16 
    * Proceeds from sale of Showroom-Center "Hall 30" in Dusseldorf result in extraordinary 
income of about 20 million euros ($20.89 million) 
    * Purchase price for property amounted to 49.1 million euros, which represents a market 
multiple of about 18.5 on annual net rent 
    * Managing board confirms revenue and earnings forecast for FY 2015/16 in spite of 
disappointing business performance in Q4 2015/16 
 
Source text for Eikon:  ID:nEQ24fW7V  
Further company coverage:  GWIG.DE  
 
($1 = 0.9574 euros) 
 
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