DGAP-News

GERRY WEBER's realignment programme proceeding to plan in FY 2015/16

DGAP-News: Gerry Weber International AG / Key word(s): Final Results GERRY WEBER's realignment programme proceeding to plan in FY 2015/16 23.02.2017 / 07:40 The issuer is solely responsible for the content of this announcement. Corporate News GERRY WEBER's realignment programme proceeding to plan in FY 2015/16

- 2015/16 Group sales revenues of EUR 900.8 million

- EBITDA of EUR 77.3 million and EBIT of EUR 13.8 million

- Proposal to pay out a dividend of EUR 0.25 per share

- FIT4GROWTH realignment programme proceeding to plan

- Earnings projections for FY 2016/17 at prior year level

(Halle/Westphalia, 23 February 2017) At today's annual press conference GERRY WEBER International AG confirms its preliminary figures for the past financial year 2015/16 published at the end of January 2017. For FY 2015/16 (1 November 2015 to 31 October 2016), GERRY WEBER International AG posted sales revenues of EUR 900.8 million, earnings before interest taxes, depreciation and amortisation (EBITDA) of EUR 77.3 million and earnings before interest and taxes (EBIT) of EUR 13.8 million. The Managing Board and the Supervisory Board will propose a dividend of EUR 0.25 per share to the next Annual General Meeting.

Ralf Weber, CEO of GERRY WEBER International AG, says: "The GERRY WEBER Group closed the financial year 2015/16 according to plan and met its forecast in spite of the continued difficult market environment and the extraordinary expenses resulting from the realignment programme. This year will not be easier but our realignment programme is proceeding according to plan and making good progress. We are looking ahead optimistically and will work hard to make the GERRY WEBER Group fit for the future and secure our position as a strong fashion and lifestyle company in the long term."