Gerry Weber net profit falls by a third in H1

Gerry Weber International AG

12/06/2015 06:42

FRANKFURT, June 12 (Reuters) - German fashion group Gerry 
Weber  GWIG.DE , whose shares plunged earlier this week after 
warning on full-year earnings, said its first-half net profit 
declined by a third to 21.9 million euros ($24.61 million). 
    Gerry Weber said on Tuesday it no longer expected to meet 
its targets for revenue and earnings for its current year ending 
in October, blaming a shrinking market and vowing to cut costs 
to try to get back on track.  ID:nL5N0YV3W9  
 
($1 = 0.8900 euros) 
 
 (Reporting by Christoph Steitz; Editing by Biju Dwarakanath) 
 ((christoph.steitz@thomsonreuters.com; +49 69 7565 1269; 
Reuters Messaging: 
christoph.steitz.thomsonreuters.com@reuters.net)) 
 
Keywords: GERRY RESULTS/