GERRY WEBER International AG has successfully completed its strategic transformation into an international lifestyle company and systems supplier; strong sales and earnings growth in the first quarter of fiscal 2006/2007 (October 31) demonstrates that this strategy was right.
In the first quarter of 2006/2007, GERRY WEBER International AG boosted its sales by 10.5 percent to EUR 106.4 million. “The results of the first quarter of 2006/2007 continue the successful performance of the past fiscal year”, said Gerhard Weber, Chairman of the Managing Board of GERRY WEBER International AG.
“We have grown faster than the industry and our segment, which proves that our verticalisation strategy has helped us achieve a unique positioning in the market. A 12.4 percent increase in incoming orders for Spring/Summer 2007 and a 13.5 percent rise in the first two programmes for Autumn/Winter 2007/2008 show quite clear that our objective to grow by over 12 percent to EUR 500 million in 2006/2007 is realistic.“
Accounting for 66.8 percent of total sales, GERRY WEBER remained the Group's most important brand in the first quarter of 2006/2007. The brand's sales were up 12.1 percent on the previous year. The second largest Group brand, TAIFUN Collection, contributed 25.4 percent to total sales and increased its revenues by 3.4 percent.
SAMOON Collection, the brand for plus sizes, also developed positively, which is reflected in a 1.4 percent rise in sales. The highest sales growth was achieved by the retail segment, which comprises the HOUSES OF GERRY WEBER operated by the company itself. The strong increase in sales was due to both numerous new store openings in the past year and growth in the existing HOUSES OF GERRY WEBER.
The streamlining of operational processes in the past fiscal year and constantly optimised procurement structures enabled a further sustainable increase in profitability. Accordingly, earnings of the GERRY WEBER Group rose at a disproportionate rate in the first quarter of 2006/2007.
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