Gerry Weber FY17 revenues decline 2.2 percent

According to preliminary figures, Gerry Weber International AG generated consolidated sales revenues of 880.9 million euros (1,096 million dollars) in the fiscal year 2016/17. The company said, at 2.2 percent, the decline in sales revenues on the previous year is within the planned range of a decline of 2 percent to 4 percent. Preliminary group EBIT reported of 10.3 million euros, the company added, are also within the projected range of 10 million euros to 20 million euros (12 to 24.9 million dollars). Adjusted for one-time effects resulting from the Fit4Growth realignment programme, EBIT (adjusted) amounted to 19.9 million euros (24.7 million dollars).