DGAP-Adhoc

Gerry Weber International AG successfully increases profitability in FY 2013/14 and posts EBIT margin of 12.8% - Seite 2

expectations.

Although the sales performance was not entirely satisfactory, the GERRY
WEBER Group was able to improve its profitability as desired. In
particular, the gross margin improved notably from 53.7% in the previous
year to 57.4%. Earnings before interest, taxes, depreciation and
amortisation (EBITDA) rose by 5.3% from EUR 127.4 million to EUR 134.2
million, which corresponds to an increase of the EBITDA margin from 15.0%
to 15.7% Earnings before interest and taxes (EBIT) climbed 2.9% to EUR
108.9 million in spite of increased depreciation and amortisation (EUR 25.3
million). Accordingly, the EBIT margin rose from 12.4% to 12.8%. This
improved profitability is due not only to strict cost management but above
all to the higher revenue contribution made by the Retail segment, which
increased from 42.7% in the previous year 47.5% in the financial year
2013/14. This means that the aim to increase the Retail segment's share in
total sales revenues to approx. 50% was missed only by a narrow margin.

Just like the previous years, the past financial year 2013/14 was primarily
marked by the internationalisation of the business model and the expansion
of the company's own Retail operations. The takeover of 25 stores in
Norway, which now form part of the Retail segment, highlights the
successful implementation of our objective to expand our own sales space in
Scandinavia. The total number of company-managed Retail stores rose from
701 to 778 in the financial year 2013/14, which means that we reached our
target of a 10% increase in the number of company-managed outlets. Both the
acquisition of the Norwegian stores and the continuous expansion through
the opening of new Retail sales areas confirms the strategy of the GERRY
WEBER Group to expand its own Retail operations in selected European core
markets.

The final figures for the financial year 2013/14 will be presented by the
management on the Annual Results Press Conference on 26 February 2015 in
Dusseldorf. Moreover, we expect to present the guidance for the current
financial year 2014/15 (1 November 2014 - 31 October 2015) including the
HALLHUBER contribution on the Annual Results Press Conference. The
acquisition of the fashion company HALLHUBER is still 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
Tel: [phone]
Email: [e-mail]

Corporate Communications Contact

Catharina Berndt

Tel: [phone]

Email: [e-mail]

29.01.2015 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: [phone]
Fax: [phone]
E-mail: [e-mail]
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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