Gerry Weber International reports continued sales growth for H1
26 Jun '06
4 min read
German womenswear maker Gerry Weber International AG has reported double-digit sales growth for the first half. This growth went hand in hand with efficiency improvements, which are reflected, among other things, in a disproportionate increase in earnings and margins.
Earnings before interest and tax (EBIT) rose by 12.7 percent from €15.8 million in H1 2004/2005 to €17.8 million in the first six months of the current fiscal year.
Accordingly, the EBIT margin improved by 0.2 percentage points to 8.5 percent. Net profit for the period increased at an even higher rate of 22.4 percent to €10.3 million. Earnings per share rose by €0.05 to €0.44 in the first six months of the fiscal year.
Sales revenues reflected the good pre-order figures both overall and at individual brand level.
Compared to the industry as a whole, Gerry Weber International AG continues to generate an above-average share of its sales from pre-orders - this makes sales more predictable and reflects the high confidence retailers place in the Gerry Weber collections.
The company's good development is also supported by order figures for the third programme of the Autumn/Winter collection. This pre-order phase, which fell into the second quarter, saw pre-orders for the Gerry Weber key brand and its sublabels rise by 24.4 percent. Pre-orders for Taifun were up by as much as 83.0 percent, while Samoon reported an increase of 42.9 percent.
In terms of sales revenues, the Gerry Weber brand confirmed its unique position within the brand portfolio. Sales of €128.0 million and a 12.1 percent growth rate make Gerry Weber and its sublabels not only the best-selling but also the fastest-growing brand of the company.
marketing@alchempro.com
