At annual results press conference, Gerry Weber International AG (GRYIF.PK) confirmed results for fiscal year 2011/12, which had already been announced in late January 2013.
For the full-year 2011/2012 sales grew 14.2 percent to 802.3 million euros from 702.7 million euros in the same period last year. Earnings before interest and taxes, or EBIT, totaled 115.9 million euros, up 16.4 percent from 99.6 million euros last year. Net income for the year rose by 17.6% to 78.8 million euros. Earnings per share amounted to 1.72 euros, up from 1.48 euros in the previous year.
The company stated that the Managing Board and the Supervisory Board will propose a dividend increase to 0.75 euros per share from 0.65 euros per share to the Annual General Meeting.
The company plans to open 65 to 75 new company-managed retail spaces in the current fiscal year - most of them in Europe.
The Gerry Weber Group projects high growth also for the current fiscal year 2012/13. The sales target for the fiscal year 2012/13 ranges from 890 million euros to 900 million euros. This would again represent a double-digit percentage increase on the previous year.
For the fiscal year 2012/13, the company expects its operating result to improve, too. The company projects earnings before interest and taxes (EBIT) of between 131 million euros and 135 million euros, up from 115.9 million euros in the past fiscal year.
The Supervisory Board has expanded the Managing Board of the company Arnd Buchardt and Ralf Weber have been appointed members of the Managing Board with effect from 1 August 2013. Doris Str?tker will not renew her Managing Board contract with the company, which will expire in July 2013, for personal reasons.
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