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

2022. március 31., csütörtök, 09:06





DGAP-Ad-hoc: 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

[email protected]











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Language: English
Company: Gerry Weber International AG

Neulehenstraße 8

33790 Halle/Westfalen

Germany
Phone: +49 (0)5201 185-0
Fax: +49 (0)5201 5857
E-mail: [email protected]
Internet: http://group.gerryweber.com
ISIN: DE000A255G36
WKN: A255G3
Listed: Regulated Market in Dusseldorf, Frankfurt (General Standard)
EQS News ID: 1316301





 
End of Announcement DGAP News Service




1316301  31-March-2022 CET/CEST







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