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Gerry Weber International AG: GERRY WEBER International AG reports noticeable increase in sales and normalised EBITDA for first half of 2022

DGAP-News: Gerry Weber International AG / Key word(s): Half Year Results Gerry Weber International AG: GERRY WEBER International AG reports noticeable increase in sales and normalised EBITDA for first half of 2022 11.08.2022 / 07:30 CET/CEST The issuer is solely responsible for the content of this announcement. GERRY WEBER International AG reports noticeable increase in sales and normalised EBITDA for first half of 2022

• Consolidated net sales up by 48.4% to EUR 157.0 million
• Online sales grow by approx. 27,4% to EUR 26.5 million
• Normalised EBITDA turns positive at EUR 2.2 million
• Free cash flow at EUR 6.8 million in H1 2022
• Outlook for fiscal year 2022 specified in July

Halle/Westphalia, 11 August 2022 – GERRY WEBER International AG today presented its interim financial report for the first six months of the fiscal year 2022. The report is available online at:

https://ir.gerryweber.com/websites/gerryweber/English/4200/interim-rep ...

During the first six months of 2022, the business performance of GERRY WEBER International AG was affected by the ongoing Covid-19 pandemic and the effects of the Russia-Ukraine war While the fourth Covid wave and restrictive 2G rules still had an adverse impact, especially on German retailers, at the beginning of the year, sales picked up across all segments in the second quarter as further restrictions were lifted.

The GERRY WEBER Group as a whole generated sales of EUR 157.0 million in the first half of 2022 (previous year: EUR 105.8 million). This represents an increase of 48.4% on the previous year, which was primarily influenced by the Covid-related restrictions. Domestic sales increased at a disproportionate rate and accounted for 48.9% of total sales, up from 43.5% in the prior year period. Retail sales picked up by 78.8% to EUR 75.8 million in the reporting period (previous year: EUR 42.4 million). This increase was primarily driven by the fact that stores remained open throughout the first six months of the year. E-Commerce sales rose by 27.4% to EUR 26.5 million (previous year: EUR 20.8 million). The growth rate was thus in line with the mid-term growth target of at least 20% p.a. GERRY WEBER’s sales to wholesale partners were also positively influenced by the fact that retail spaces remained open throughout. The segment’s sales climbed 26.2% to EUR 54.5 million, up from EUR 43.2 million in the previous year.