The dynamic growth of GERRY WEBER International AG continued in the third quarter of 2006/2007. With sales up by 12.5 percent and EBIT rising by 23.3 percent in the first nine months of 2006/2007, the fashion and lifestyle company once again confirmed its excellent business trend.
“The strong sales growth and the disproportionate increase in profitability show that we are excellently positioned to reach our targets for the current fiscal year: EUR 500 million in sales and a double-digit EBIT margin”, said CEO Gerhard Weber.
“The 14.8 percent increase in incoming orders for the first two collections of the spring/summer 2008 season also shows that we stay on the growth path.” Orders for the GERRY WEBER brand rose by 17.4 percent to EUR 144.0 million, which is the highest increase in the history of the company.
Incoming orders for the younger label TAIFUNCollection, were up 12.5 percent to EUR 50.4 million, while SAMOON-Collection, the brand for plus sizes, reported an increase of approximately 3 percent to EUR 14.5 million.
Group sales rose from EUR 305.8 million to EUR 344.0 million in the first nine months of 2006/2007, which represents an increase by 12.5 percent. The GERRY WEBER brand gained 14.9 percent to EUR 217.6 million. Accounting for 73.3 percent of total sales, the brand impressively underlined its outstanding importance for the GERRY WEBER Group.
Sales were mainly driven by the successful sublabels, GERRY WEBER EDITION andG.W. At EUR 59.9 million, sales of TAIFUN-Collection were down on the previous year, as deliveries were increasingly shifted to the fourth quarter. The Group's second largest brand contributed 20.2 percent to total sales.
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