The profit appropriation proposal of the Managing Board and the Supervisory Board for the fiscal year 2005/2006 was accepted. As in the previous year, the company will pay out a dividend of EUR 0.40 per share, which will add up to a total payout volume of EUR 9.2 million.
The remaining profit of EUR 9.4 million will be carried forward to new account. Based on the current share price of approximately EUR 22, the dividend yield amounts to just under 2 percent, which is slightly below the level of the past years as a result of the sharp rise in the share price in recent months and years. Since the beginning of the current fiscal year, the share of GERRY WEBER International AG has gained as much as 38 percent.
In his address to the shareholders, CEO Gerhard Weber again confirmed the excellent performance of the past months. As in the past fiscal year, which has been the most successful one in the history of the company, sales and earnings increased at double-digit rates in the first quarter of 2006/2007.
Sales were up 10.5 percent on the previous year to EUR 106.4 million, while EBIT rose 13.4 percent to EUR 7.6 million. The excellent results went hand in hand with a strong increase in incoming orders, which were up by as much as 12.4 percent on the previous year for Spring/Summer 2007 alone. Incoming orders for the two Autumn/Winter 2007/2008 collections increased by as much as 13.5 percent for all brands.
“The active expansion of our own retail activities will make an important contribution to growth,” Gerhard Weber said to the shareholders. In the medium term, the company wants to sell about 40 percent of its products in its own stores or stores run by franchisees.
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