DGAP-News

Ongoing realignment leaves a mark on GERRY WEBER's earnings for the first nine months of 2015/16

DGAP-News: Gerry Weber International AG / Key word(s): 9-month figures
Ongoing realignment leaves a mark on GERRY WEBER's earnings for the first
nine months of 2015/16

14.09.2016 / 07:30
The issuer is solely responsible for the content of this announcement.

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Corporate News

Ongoing realignment leaves a mark on GERRY WEBER's earnings for the first
nine months of 2015/16

- Sales revenues up 1.3% to EUR 638.5 million in the first nine months of
2015/16, with HALLHUBER contributing EUR 133.6 million

- High negative effects and depreciation/amortisation in connection with
the realignment weighed on earnings

- Implementation of the "FIT4GROWTH" realignment programme continued
successfully: 40 stores have already been closed, the first top stores
have been refurbished, new brand has been introduced, revision of the
digitalisation strategy has begun

(Halle/Westphalia, 14 September 2016) In the first nine months of the
financial year 2015/16, the GERRY WEBER Group held its ground in a
difficult market environment. Sales revenues were up 1.3% to EUR 638.5
million on the prior year period.

The GERRY WEBER Core brands (GERRY WEBER, TAIFUN and SAMOON) contributed
EUR 504.8 million to the Group's sales revenues (first nine months of the
previous year: EUR 559.8 million). The 9.8% drop in sales revenues is
primarily attributable to a sharp decline in the GERRY WEBER Core Wholesale
segment. Wholesale sales revenues were down from EUR 243.7 million to EUR
191.4 million in the first nine months of the current financial year. This
was primarily due to the continuing restraint seen in Wholesale customers'
pre-orders. Sales revenues of the GERRY WEBER Core Retail segment were down
by a moderate 0.9% to EUR 313.5 million - in particular due to a drop in
like-for-like revenues as well as the first store closures. The gross
margin of the GERRY WEBER Core brands nevertheless improved notably from
58.9% in the previous year to 62.0% in the current financial year, which
was primarily attributable to measures taken in connection with the current
realignment.

The HALLHUBER subsidiary contributed EUR 133.6 million or 20.9% to the
Group's sales revenues in the reporting period. This increase by 20.7% on
the first nine months of the previous year is attributable not only to the
newly opened shops and stores but also to like-for-like growth of 4.7%. In
the past nine months, HALLHUBER clearly outperformed the German fashion
market which according to TW-Testclub (Textilwirtschaft) saw sales revenues
shrink by 2% to 3%.

The Group's earnings before interest, taxes and depreciation/amortisation