Gerry Weber confirms international growth strategy

Fashion retailer Gerry Weber International at today's annual accounts press conference, confirmed the preliminary figures for the past fiscal year 2013/14 published at the end of January 2015.

Despite difficult framework conditions, the firm was able to keep its sales revenues more or less unchanged at 852.1 million euros in the financial year 2013/14. Though sales revenues remain almost unchanged, the Gerry Weber Group's profitability increases in the financial year 2013/14. The gross profit margin climbed to 57.4 percent from 53.7 percent in the previous year.

Net income after taxes totaled 71.4 million euros in the fiscal year 2013/14. Accordingly, earnings per share remained almost unchanged at 1.56 euros.

Further, the Managing Board and the Supervisory Board would propose to the upcoming Annual General Meeting to keep the dividend unchanged at 0.75 euros per share. Also, the firm explained the forecast for the Gerry Weber Group, including Hallhuber for the current financial year 2014/15.

Looking ahead, the company projects EBIT of between 118 million euros and 126 million euros for the Gerry Weber Group as a whole, including Hallhuber. (DPA)

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