DGAP-News

Gerry Weber International AG: Revenues and EBITDA of GERRY WEBER reach forecast levels in FY 2020

DGAP-News: Gerry Weber International AG / Key word(s): Annual Report/Annual Results Gerry Weber International AG: Revenues and EBITDA of GERRY WEBER reach forecast levels in FY 2020 30.04.2021 / 12:52 The issuer is solely responsible for the content of this announcement. Revenues and EBITDA of GERRY WEBER reach forecast levels in FY 2020

- Consolidated revenues at EUR 278.2 million; normalised EBITDA at EUR -40.8 million

- March 2020 forecast achieved

- Revenues of EUR 260 million to EUR 280 million and normalised EBITDA in the low negative double-digit million range expected for FY 2021

- Liquidity currently secured

- Forecast remains subject to uncertainty due to coronavirus pandemic

"GERRY WEBER is now optimally positioned and our liquidity is currently secured, as we took out an additional credit facility of EUR 5 million in February 2021 and received stopgap aid in March. Moreover, with at least some retail outlets open, March showed us that our product is very well received by our customers," says Florian Frank, Chief Financial Officer of GERRY WEBER International AG. "In spite of the COVID-19-related imponderables, the financial statements confirm both the revenue and earnings expectations. My sincere thanks go to our highly committed teams, both internally and externally, as we owe it to them that the audit of the separate and the consolidated financial statements for the fiscal year could be completed in April in spite of the change of auditors."

Halle/Westphalia, 30 April 2021 - GERRY WEBER International AG today presented its consolidated financial statements for the fiscal year 2020. The fiscal year commenced on 1 January and ended on 31 December 2020. The Annual Report for the fiscal year 2020 is available online at:

https://ir.gerryweber.com/websites/gerryweber/English/4100/annual-repo ...

In the fiscal year 2020, GERRY WEBER International AG generated consolidated sales revenues of EUR 278.2 million, which is at the upper end of the range of EUR 260 million to EUR 280 million projected in March 2020. Comparisons with the previous year are possible only to a limited extent, as the stub fiscal year 2019 covered a period of nine months, whereas the fiscal year 2020 comprised twelve months.