GERRY WEBER International AG (GRYIF.PK) reported Group sales revenues for the first nine months of the financial year of 554.4 million euros, an increase of 13.9% on the previous year. The Group has slightly increased its sales target for the full year 2011/12 to 800 million euros from 795 million euros. In the first nine months of 2011/12, the GERRY WEBER Group generated earnings before interest and taxes of 66.7 million euros, which represents an increase of 17.0%.
The Group reported third-quarter sales revenues of 178.4 million euros, an increase of 21.9% on the previous year. GERRY WEBER attributed this primarily to the converted WISSMACH stores and the newly opened Houses of the Group. In spite of the start-up and conversion costs incurred in conjunction with
the WISSMACH stores acquired with effect from 15 March 2012, earnings
before interest and taxes increased by 20.2% to 19.7 million euros from last year.
Click here to receive FREE breaking news email alerts for Gerry Weber International AG and others in your portfolio
by RTT Staff Writer
For comments and feedback: email@example.com