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Gerry Weber International AG (GWIG.DE)

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Latest Key Developments (Source: Significant Developments)

Gerry Weber International Reorganises Strategic Business Unit Gerry Weber
Friday, 20 Jul 2018 01:32am EDT 

July 20 (Reuters) - GERRY WEBER INTERNATIONAL ::SAID ON THURSDAY IT WILL REORGANISE STRATEGIC BUSINESS UNIT GERRY WEBER.GERRY WEBER UNIT WILL BE RUN AS CATEGORY MANAGEMENT ORGANISATION WITH IMMEDIATE EFFECT.AS OF SEPTEMBER GERRY WEBER UNIT WILL BE LED BY RENA MARX AND PETER KROSTA .  Full Article

Gerry Weber FY EBIT Down At EUR 10.3 Mln​
Tuesday, 27 Feb 2018 01:50am EST 

Feb 27 (Reuters) - Gerry Weber ::FY ‍SALES REVENUES OF EUR 880.9 MILLION (PREVIOUS YEAR: EUR 900.8 MILLION)​.FY ‍EBIT REPORTED OF EUR 10.3 MILLION (PREVIOUS YEAR: EUR 13.8 MILLION)​.‍EXPECTS TO GENERATE ALMOST STABLE GROUP REVENUES OF EUR 870 MILLION TO EUR 890 MILLION IN FISCAL YEAR 2017/18​.‍PROJECTS CONSOLIDATED EBIT (REPORTED) OF BETWEEN EUR 10.0 MILLION AND EUR 20.0 MILLION FOR FISCAL YEAR 2017/18​.‍CONSOLIDATED NET LOSS OF EUR 0.8 MILLION FOR FISCAL YEAR 2016/17 (PREVIOUS YEAR: NET PROFIT OF EUR 0.5 MILLION)​.  Full Article

Gerry Weber Decides New Managing Board Structure
Wednesday, 21 Feb 2018 09:18am EST 

Feb 21 (Reuters) - GERRY WEBER ::DGAP-ADHOC: GERRY WEBER: SUPERVISORY BOARD DECIDES NEW MANAGING BOARD STRUCTURE AND COMMISSIONS MANAGING BOARD TO DEVELOP A PERFORMANCE PROGRAMME FOR A SUSTAINABLE INCREASE IN PROFITABILITY.‍APPOINTMENT OF JÖRG STÜBER AS CHIEF FINANCIAL OFFICER EXTENDED​.JOHANNES EHLING APPOINTED CHIEF SALES OFFICER AND CHIEF DIGITAL OFFICER ALREADY EFFECTIVE 1 APRIL 2018.PROJECTS GROUP REVENUES OF BETWEEN EUR 870 MILLION AND EUR 890 MILLION FOR FISCAL YEAR 2017/18.EBIT REPORTED EXPECTED TO COME IN AT BETWEEN EUR 10 MILLION AND EUR 20 MILLION.ASSUMES FURTHER EXTRAORDINARY EFFECTS IN FY 2017/18​.  Full Article

Gerry Weber: David Frink resigns from Managing Board
Thursday, 16 Nov 2017 10:46am EST 

Nov 16 (Reuters) - GERRY WEBER ::DGAP-ADHOC: DR. DAVID FRINK RESIGNS FROM MANAGING BOARD OF GERRY WEBER INTERNATIONAL AG.‍JÖRG STÜBER APPOINTED TEMP BOARD MEMBER, TO TAKE OVER FRINK'S FORMER DEPARTMENTS​.  Full Article

Gerry Weber supervisory board to decide on retiring of managing board member David Frink
Wednesday, 15 Nov 2017 02:13am EST 

Nov 15 (Reuters) - GERRY WEBER INTERNATIONAL AG :DGAP-ADHOC: ANNOUNCEMENT OF THE SUPERVISORY BOARD OF GERRY WEBER INTERNATIONAL AG.SUPERVISORY BOARD WILL DISCUSS AND DECIDE ON RETIRING OF MANAGING BOARD MEMBER DAVID FRINK AS WELL AS ON FUTURE STRUCTURE OF MANAGING BOARD OF COMPANY AT SHORT NOTICE.  Full Article

Gerry Weber confirms FY 2016/17 ‍revenue and earnings forecast
Thursday, 14 Sep 2017 01:30am EDT 

Sept 14 (Reuters) - GERRY WEBER ::‍REVENUE AND EARNINGS FORECAST FOR FULL FY 2016/17 CONFIRMED​.9MTH ‍SALES REVENUES OF GERRY WEBER INTERNATIONAL AG WERE DOWN BY A MODERATE 2.9% TO EUR 620.1 MILLION​.‍GROUP EBITDA DECLINED FROM EUR 40.7 MILLION IN PREVIOUS YEAR TO EUR 35.1 MILLION AT NINE-MONTH STAGE OF CURRENT FINANCIAL YEAR​.GROUP EBIT AT EUR 0.2 MILLION AFTER NINE MONTHS IN 2016/17, ALMOST REACHED PRIOR YEAR LEVEL OF EUR 0.6 MILLION.  Full Article

Chief Retail Officer Norbert Steinke resigns from managing board
Wednesday, 21 Jun 2017 05:44am EDT 

June 21 (Reuters) - GERRY WEBER INTERNATIONAL AG ::CHIEF RETAIL OFFICER NORBERT STEINKE HAS RESIGNED FROM MANAGING BOARD OF GERRY WEBER INTERNATIONAL AG AT HIS OWN REQUEST.HIS RESPONSIBILITIES IN MANAGING BOARD AS CHIEF RETAIL OFFICE WILL BE SHARED BY REMAINING TWO BOARD MEMBERS, NAMELY RALF WEBER (CEO) AND DAVID FRINK (CFO) ON AN INTERIM BASIS.  Full Article

Gerry Weber closes H1 in line with expectations
Wednesday, 14 Jun 2017 01:28am EDT 

June 14 (Reuters) - GERRY WEBER ::GERRY WEBER CLOSES H1 IN LINE WITH EXPECTATIONS AND IS THUS PERFORMING TO PLAN.H1 OPERATING RESULT OF EUR 6.0 MILLION FULLY IN LINE WITH PROJECTIONS FOR FULL FINANCIAL YEAR 2016/17.IN FIRST HALF OF 2016/17 (1 NOVEMBER 2016 TO 30 APRIL 2017), CONSOLIDATED SALES REVENUES OF GERRY WEBER GROUP WERE DOWN BY A MODERATE 3.6% ON SAME PERIOD OF PREVIOUS YEAR TO EUR 427.8 MILLION.HALLHUBER BRAND CONTRIBUTED EUR 92.9 MILLION TO GROUP REVENUES IN H1 2016/17.CONFIRMS FORECAST FOR FULL YEAR AND EXPECTS SALES REVENUES TO BE 2% TO 4% LOWER THAN IN PREVIOUS YEAR (PREVIOUS YEAR: EUR 900.8 MILLION).  Full Article

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