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Provider: Wright Reports
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Gerry Weber International AG Lowers FY 2012/2013 Forecast


Friday, 13 Sep 2013 01:27am EDT 

Gerry Weber International AG announced that it has slightly reduced its short-term growth targets for the fiscal year 2012/2013 in response to the adverse weather conditions affecting the environment in which it operates. The target set for the financial year ending October 31, 2013 is to increase Group sales revenues by 6% to 7% on the previous fiscal year 2011/2012, which would be equivalent to revenues of approximately EUR 850 million. Fiscal year 2012/2013 revenues would still be some EUR 50 million higher than the year before. Against the background of these revenues, the Company assumes that fiscal year 2012/2013 earnings before interest and taxes will come approximately EUR 105 million. According to I/B/E/S Estimates, analysts on average are expecting the Company to report fiscal year 2012/2013 revenue of EUR 912.34 million and an EBIT of EUR 124.58 million. 

Company Quote

33.065
-0.225 -0.68%
15 Aug 2014