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Gerry Weber International AG (GWIG.DE)

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Latest Key Developments (Source: Significant Developments)

Gerry Weber Adjusts Prelim FY Results
Monday, 14 Jan 2019 06:24am EST 

Jan 14 (Reuters) - Gerry Weber International AG ::ADJUSTS PRELIMINARY RESULTS FOR FINANCIAL YEAR 2017/18.FY EBIT INCLUDING NON-CASH PROVISIONS FOR RESTRUCTURING MEASURES AS WELL AS CONSULTING COSTS AMOUNTS TO A LOSS OF EUR 192.3 MILLION.FY EBIT EXCLUDING NON-CASH PROVISIONS FOR RESTRUCTURING MEASURES AS WELL AS CONSULTING COSTS AND EXTRAORDINARY DEPRECIATION AS WELL AS WRITE-DOWNS IS A OF EUR 15.5 MILLION.  Full Article

Gerry Weber: Promissory Note Loan Providers Grant Deferment Until Jan 2019
Tuesday, 13 Nov 2018 10:29am EST 

Nov 13 (Reuters) - GERRY WEBER INTERNATIONAL AG ::PROMISSORY NOTE LOAN PROVIDERS GRANT DEFERMENT UNTIL JANUARY 2019.IN PARALLEL, FINANCING BANKS KEEP THEIR CREDIT LINES OPEN FOR GERRY WEBER.NOW EXPECTS SALES OF UP TO 790 EUR MILLION (PREVIOUSLY: BETWEEN 830 AND 840 EUR MILLION).SEES SIGNIFICANT OPERATIONAL LOSSES ON EBIT IN FY (PREVIOUSLY: BETWEEN -10 AND 0 EUR MILLION).  Full Article

Gerry Weber International 9Mth Adj. EBITDA Down At EUR 31.0 Mln
Thursday, 13 Sep 2018 01:59am EDT 

Sept 13 (Reuters) - GERRY WEBER INTERNATIONAL AG ::9MTH SALES AT EUR 575.1 MILLION (PREVIOUS YEAR: EUR 620.1 MILLION).9MTH EBIT AT EUR -9.8 MILLION (PY: EUR 0.2 MILLION).9MTH ADJUSTED EBITDA LOWERED TO EUR 31.0 MILLION (PREVIOUS YEAR: EUR 36.1 MILLION).  Full Article

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