Gerry Weber International AG announced consolidated earnings results for the first quarter of 2018. For the period, the company reported sales revenues of EUR 189.8 million compared to EUR 209.2 million a year ago. EBITDA was EUR 7.8 million compared to EUR 15.6 million a year ago. LBIT was EUR 3.5 million compared to EBIT of EUR 4.1 million a year ago. Net loss of the period was EUR 2 million compared to net profit for the period of EUR 1.2 million a year ago. Loss per share was EUR 0.04 compared to earnings per share of EUR 0.03 a year ago.

For the full fiscal year 2017/18, the company continues to expect wholesale revenues to remain stable compared to the previous year. The results of first quarter of 2017/18 had already been taken into account in plans and budgets for the fiscal year 2017/18 and therefore stick to forecast issued at the end of February 2018, which projects stable consolidated sales revenues of between EUR 870 million and EUR 890 million for the fiscal year 2017/18. In view of the developments outlined above and the extraordinary charges that will arise from the measures of the programme yet to be developed, the Managing Board of company projects consolidated earnings before interest and taxes (EBIT reported) of between EUR 10.0 million and EUR 20.0 million for the current fiscal year.