Gerry Weber International AG Announces Consolidated Earnings Results for the Second Quarter and First Half of 2018; Provides Earnings Guidance for the Full Year of 2018
In the second quarter alone, EBITDA picked up by 32.3% to EUR 17.6 million due to the increasingly positive effects of FIT4GROWTH compared to EUR 13.3 million previous year.
The Managing Board confirmed the forecast for current financial year 2017/18 revised to reflect extraordinary charges resulting from the Performance Programme: Expected revenues of EUR 830 to 840 million and expected EBIT of EUR negative 10 to 0 million.