DGAP-Adhoc
Gerry Weber International AG acquires Hallhuber - Seite 2
as 113 concession spaces in six countries; approx. 82% of Hallhuber sales
are generated in Germany. GERRY WEBER will support Hallhuber in particular
in the areas of sourcing and logistics as well as in the expansion of its
network of company-managed retail stores in Germany and abroad.
Both companies anticipate an improvement in their profitability as a result
of synergies. GERRY WEBER assumes that Hallhuber will start making a
positive contribution to the Group's operating profit and earnings per
share already in the financial year 2014/15 (1 November 2014 to 31 October
2015). An important role will be played in this context by the Hallhuber
management team who will continue to manage the business and push ahead its
positive development in conjunction with the GERRY WEBER team following the
takeover.
Transaction
The acquisition of the urban fashion brand and Hallhuber's 219 sales spaces
flows directly from GERRY WEBER's announced strategy of generating
profitable growth also through acquisitions. The Hallhuber brands are
complementary to our existing GERRY WEBER brands, they operate a completely
vertical business model and they are ready to move into new European
markets. Hallhuber is looking at enormous sales and profit growth potential
and its options for further development have barely been tapped.
The parties have not disclosed the purchase price paid for 100% of the
Shares in Hallhuber. The acquisition will presumably be funded by raising
long-term debt. GERRY WEBER International AG's very strong balance sheet
means that the equity ratio will remain above 50% even following this
transaction. The GERRY WEBER Group will fully consolidate the Hallhuber
companies already in its FY 2014/15 accounts. The transaction is subject to
approval by the cartel authorities in Germany and Austria.
Admitted to the Regulated Market of the Frankfurt Stock Exchange (Prime
Standard)
ISIN: DE0003304101
WKN: 330410
Investor Relations Contact
Claudia Kellert
phone: +49 (0)5201 185 8422
e-mail: c.kellert@gerryweber.de
22.12.2014 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Gerry Weber International AG
Neulehenstraße 8
33790 Halle/Westfalen
Germany
Phone: +49 (0)5201 185-0
Fax: +49 (0)5201 5857
E-mail: c.kellert@gerryweber.de
Internet: www.gerryweber-ag.de
ISIN: DE0003304101
WKN: 330410
Indices: MDAX
Listed: Regulierter Markt in Düsseldorf, Frankfurt (Prime Standard);
Freiverkehr in Berlin, Stuttgart
End of Announcement DGAP News-Service
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The acquisition of the urban fashion brand and Hallhuber's 219 sales spaces
flows directly from GERRY WEBER's announced strategy of generating
profitable growth also through acquisitions. The Hallhuber brands are
complementary to our existing GERRY WEBER brands, they operate a completely
vertical business model and they are ready to move into new European
markets. Hallhuber is looking at enormous sales and profit growth potential
and its options for further development have barely been tapped.
The parties have not disclosed the purchase price paid for 100% of the
Shares in Hallhuber. The acquisition will presumably be funded by raising
long-term debt. GERRY WEBER International AG's very strong balance sheet
means that the equity ratio will remain above 50% even following this
transaction. The GERRY WEBER Group will fully consolidate the Hallhuber
companies already in its FY 2014/15 accounts. The transaction is subject to
approval by the cartel authorities in Germany and Austria.
Admitted to the Regulated Market of the Frankfurt Stock Exchange (Prime
Standard)
ISIN: DE0003304101
WKN: 330410
GERRY WEBER International AG
Investor Relations Contact
Claudia Kellert
phone: +49 (0)5201 185 8422
e-mail: c.kellert@gerryweber.de
Public Relations Contact
Catharina Berndt
phone: +49 (0)5201 185 320
e-mail: c.berndt@gerryweber.com
22.12.2014 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: Gerry Weber International AG
Neulehenstraße 8
33790 Halle/Westfalen
Germany
Phone: +49 (0)5201 185-0
Fax: +49 (0)5201 5857
E-mail: c.kellert@gerryweber.de
Internet: www.gerryweber-ag.de
ISIN: DE0003304101
WKN: 330410
Indices: MDAX
Listed: Regulierter Markt in Düsseldorf, Frankfurt (Prime Standard);
Freiverkehr in Berlin, Stuttgart
End of Announcement DGAP News-Service
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