Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Gerry Weber reports full-year sales increases

Mainstream womenswear brand Gerry Weber has reported a 13% increase in sales revenues for its 2010/2011 full-year.

The German-based brand said that revenues rose to €702.7m (£593.3m) for the full-year while net income after taxes also rose sharply, up from €54m (£45.6m) the previous year to €67m (£56.6m) for the 2010/2011 period.

EBITDA increased at an even higher rate than revenues up by 19.6% to €99.6m (£84m) which the brand said was primarily due to the expansion of its own retail operation.

As a result of the sales increases, the brand has increased its share dividend by 18.2% to €0.65 (£0.54) per share.

Earlier this month, Gerry Weber announced the takeover of roughly 200 stores of the bankrupt Wissmach Modefilialen chain in Germany. Most of these stores are to be converted into mono-label stores of Gerry Weber’s Taifun and Samoon brands.

“We expect the converted stores to make a contribution of between €45m (£37.9m) and €50m (£42.2m) to sales revenues as well as a positive contribution to earnings already in the next financial year 2012/2013,” said chief executive Gerhard Weber.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.