GERRY WEBER INTERNATIONAL AG

  • WKN: A255G3
  • ISIN: DE000A255G36
  • Land: Germany

Nachricht vom 31.03.2022 | 09:06

Gerry Weber International AG: GERRY WEBER International AG: Preliminary figures indicate that earnings forecast for fiscal year 2021 will be exceeded

Gerry Weber International AG / Key word(s): Preliminary Results
Gerry Weber International AG: GERRY WEBER International AG: Preliminary figures indicate that earnings forecast for fiscal year 2021 will be exceeded

31-March-2022 / 09:06 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Insider Information (Ad-Hoc Press Release) pursuant to Article 17 MAR

GERRY WEBER International AG: Preliminary figures indicate that earnings forecast for fiscal year 2021 will be significantly exceeded

(Halle/Westphalia, 31 March 2022) - GERRY WEBER Group announces preliminary figures for fiscal year 2021. According to these figures, normalized consolidated EBITDA (excluding the effects of lease accounting under IFRS 16) will be between EUR 25m and EUR 30m, and thereby significantly exceed the original forecast of a negative low double-digit million figure. Even without the recognition of the interim state aid III (Überbrückungshilfe III) in an amount of EUR 29.1m in the income statement, EBITDA (excluding the effects of lease accounting under IFRS 16) will exceed the original forecast of a negative low double-digit million figure. Based on these preliminary figures, the company generated consolidated sales at the lower forecast range of EUR 260m and EUR 280m in fiscal year 2021 and thus met its guidance.

Taking into account the interest rate and valuation conditions in which our company operates, a revaluation will be necessary with respect to lease accounting in fiscal year 2021, which will also impact the reference period 2020. For fiscal year 2020, we expect a value decrease for lease accounting in fixed assets and liabilities in the mid double-digit million range. Consolidated sales will not be affected by the changes in 2020 and 2021, and consolidated EBITDA will only be affected marginally.

In light of the ongoing COVID-19 pandemic and the uncertainties regarding the further development of the Russia-Ukraine conflict, the Managing Board will most likely make further statements regarding the previous forecast for fiscal year 2022 when the final financial figures for fiscal year 2021 are published on 29 April 2022.

The Managing Board

Communicating person:
Florian Frank
Member of the executive board
Tel.: +49 5201 185-140
ir@gerryweber.com


31-March-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



show this

Events im Fokus

Termine 2022

1./2. Juni 2022: Fachkonferenz Immobilien & Software | IT

13./14. Juli 2022: Fachkonferenz Beteiligungsgesellschaften & Consumer/Leisure

12./13. Oktober 2022: Fachkonferenz Finanzdienstleistungen/Technologie

Aktueller Webcast

SUSE S.A.

Webcast Q2 2022

07. Juli 2022

Aktuelle Research-Studie

Original-Research: Valneva SE (von First Berlin Equity Research GmbH): Hinzufügen Valneva SE

06. Juli 2022