DGAP-News

Ongoing realignment leaves a mark on GERRY WEBER's earnings for the first nine months of 2015/16 - Seite 2

(EBITDA) dropped from EUR 63.0 million to EUR 40.7 million in the first
nine months of 2015/16 due to an expansion-related increase in personnel
and other operating expenses of the HALLHUBER subsidiary as well as to the
effects in connection with the realignment programme.

Depreciation/amortisation in the first nine months of 2015/16 rose sharply
from EUR 25.0 million in the previous year to EUR 40.1 million. This
increase was primarily due to non-scheduled depreciation in the context of
store closures in the amount of EUR 7.5 million. As a result, earnings
before interest and taxes (EBIT) dropped sharply from EUR 38.0 million to
EUR 0.6 million in the first nine months of 2015/16.

Ralf Weber, CEO of GERRY WEBER International AG, explains: "As expected,
the negative effects and depreciation/amortisation in connection with our
FIT4GROWTH realignment programme clearly weighed on our earnings in the
first nine months of the financial year 2015/16 but we are running to plan
- and our measures are taking effect. 40 stores have, for instance, already
been closed, and another 35 to 40 are to follow by the end of the financial
year. Of the top 17 stores we are rebuilding, the store in Hamburg has
already been reopened and the one in Munich will open on 15 September. We
have also introduced talkabout, our new brand which we will develop further
together with our Wholesale partners. Moreover, we are pushing ahead our
digitalisation strategy and the expansion of our online activities.
HALLHUBER's online business is already showing an impressive performance,
with sales revenues up by round about 50% in the first nine months.
Therefore, we are confident to continue our programme FIT4GROWTH
successfully."

Outlook 2015/16

In spite of the challenging general conditions and the not entirely
satisfactory operating performance in the current financial year 2015/16,
the Managing Board is upholding its full year guidance in anticipation of a
significantly stronger fourth quarter. For the financial year 2015/16, the
Managing Board continues to project consolidated sales revenues of between
EUR 890 million and EUR 920 million, to which HALLHUBER will contribute EUR
180 million to EUR 190 million. Taking all burdening effects resulting from
the implementation of the "FIT4GROWTH" realignment programme into account,
consolidated EBIT should come in, as expected, at between EUR 10 million
and EUR 20 million.

Key figures of the GERRY WEBER Group*:

                 9 months       9 months       Q3 2015/16     Q3 2014/15