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Gerry Weber International AG (GWIG.DE)

GWIG.DE on Xetra

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Latest Key Developments (Source: Significant Developments)

Gerry Weber announces share buy-back programme
Wednesday, 15 Mar 2017 01:16pm EDT 

Gerry Weber : Announces share buy-back programme .To carry out a share buy-back programme in an amount of up to 500,000 shares up to a maximum total purchase price (excluding. Ancillary expenses) of up to 5.0 million euros ($5.32 million).  Full Article

Gerry Weber 2015/16 group sales revenues at EUR 900.8 mln
Thursday, 23 Feb 2017 01:40am EST 

Gerry Weber International AG : 2015/16 group sales revenues of 900.8 million euros ($950.79 million) . FY EBITDA of 77.3 million euros and EBIT of 13.8 million euros . FY group's consolidated net income after taxes amounted to 0.5 million euros, compared to 52.2 million euros in previous year . Proposal to pay out a dividend of 0.25 euro per share euros . Fit4growth realignment programme proceeding to plan . Projects resulting special charges to amount to about 6 million euros in current financial year, compared to 31.2 million euros in previous year . Earnings projections for FY 2016/17 at prior year level . Expects sales revenues in 2016/17 to decline by a moderate -2 percent to -4 percent compared to previous year . Does not expect earnings to increase significantly in FY 2016/17 and projects consolidated EBIT of between 10 million and 20 million euros for current financial year . Expects to enter a phase of sustainable profitable growth in third year following start of realignment exercise, i.e. in financial year 2017/18 .For current financial year consolidated earnings before interest, taxes, depreciation and amortisation (EBITDA reported) is expected to come in at between 60 million and 70 million euros.  Full Article

Gerry Weber FY EBIT down at 13-14 mln euros
Wednesday, 25 Jan 2017 08:02am EST 

Gerry Weber : 2015/16 group sales revenues of approx. 900 million euros ($967.05 million) . Earnings expectations for current financial year 2016/17 at previous year's level . FY EBIT is between 13 and 14 million euros and consolidated EBITDA amounts to approx. 77 million euros . For 2016/17 projects consolidated EBIT (reported) of 10 to 20 million euros to be recognised in income statement as well as a moderate decline in group sales revenues (-2 pct to -4 pct) . Sees 2016/2017 consolidated earnings before interest, taxes, depreciation and amortisation (EBITDA reported) are expected to amount to between 60 and 70 million euros . Gerry Weber will continue to actively implement "fit4growth" realignment programme as planned and make adjustments if and when potential for improvement arises or volatility of market makes them necessary .Managing board expects respective burdens to amount to 6 million euros in current financial year.  Full Article

GK Software says Gerry Weber opts for new store-level software by SAP and GK Software
Thursday, 4 Aug 2016 08:27am EDT 

GK Software AG :Gerry Weber International has decided to implement SAP omnichannel point-of-sale by GK application in approximately 1,000 gerry weber and hallhuber stores in 18 countries.  Full Article

Gerry Weber H1 sales up 2.5 pct to 443.6 million euros
Tuesday, 14 Jun 2016 01:25am EDT 

Gerry Weber International AG : H1 sales rose 2.5 percent to 443.6 million euros ($500.65 million) . Hallhuber contributes 91.7 million euros to consolidated sales in first half of 2015/16 (+ 22.9 pct) . Earnings before interest and taxes (EBIT) for first half of 2015/16 dropped to 8.4 million euros (H1 previous year: 36.2 million euros) . EBITDA for first half of 2015/16 slumped from 52.5 million euros to 29.9 million euros . Is upholding its full year guidance . Expects to report consolidated 2015/16 sales between 890 and 920 million euros, with Hallhuber contributing between 180 and 190 million euros .Sees for FY group EBIT are anticipated to come in between 10 and 20 million euros.  Full Article

Gerry Weber International confirms FY 2015/2016 outlook
Wednesday, 16 Mar 2016 02:33am EDT 

Gerry Weber International AG:Projects consolidated sales revenues of between 890 million and 920 million euros for FY 2015/16​.Expects Group EBIT to amount to between 10 million euros and 20 million euros in the FY 2015/16.FY 2015/2016 revenue estimate 918.68 million euros - Thomson Reuters I/B/E/S.  Full Article

Gerry Weber International proposes lower dividend
Friday, 26 Feb 2016 01:25am EST 

Gerry Weber International AG:Proposal to pay a dividend of 0.40 euros per share​ (previous year: 0.75 euros per share).  Full Article

Gerry Weber International gives FY 2015/16​ outlook below analysts' estimates
Friday, 26 Feb 2016 01:25am EST 

Gerry Weber International AG:Projects consolidated sales revenues of between 890 million and 920 million euros for financial year 2015/16​.FY 2015/2016 ‍earnings before interest and taxes will amount to between 10 and 20 million euros​, net of one-offs.FY 2015/16​ revenue estimate 949.14 million euros - Thomson Reuters I/B/E/S.  Full Article

Gerry Weber International AG announces layoffs - Reuters
Thursday, 25 Feb 2016 08:06pm EST 

Gerry Weber International AG:About 200 jobs at headquarter in halle/westphalia as well as approx. 50 jobs in foreign subsidiaries will have to be cut.Optimisation of structures and processes will cut operating and personnel expenses by 20 to 25 million euros per year.460 employees in domestic and international stores will be affected by consolidation of store network.  Full Article

Gerry Weber International launch a programme to realign the group
Tuesday, 26 Jan 2016 01:26am EST 

Gerry Weber International AG:‍Managing board has decided to launch a programme to realign Gerry Weber Group​.Program launched ‍against background of unsatisfactory business performance of past months and continued challenging market environment.  Full Article

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