Gerry Weber International AG (GRYIF.PK) said it estimates sales revenues of 702.7 million euros for the past fiscal year 2010/11. Despite extensive investments in the expansion of the company's own Retail segment, earnings before interest and taxes or EBIT grew 19.6% to 99.6 million euros from 83.3 million euros in the previous year.
The company noted that the retail segment once again was a key growth driver with its sales revenues improving by 25.1% to 217.2 million euros from 173.6 million euros. The sharp increase is attributable to both the opening of 64 company-managed Houses of GERRY WEBER and to a 7.7% rise in like-for-like sales.
GERRY WEBER's board expects sales revenues to surge to 775 million euros in the fiscal year 2011/12, which would again represent a double-digit percentage increase. Also, the company projects an improvement in the EBIT margin to 14.8% for the current fiscal year; and intends to open 75 - 85 new company-managed Houses of GERRY WEBER globally, about half of them outside Germany.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.