Gerry Weber International Ag Announces Consolidated Earnings Results for the First Quarter of 2018; Provides Earnings Guidance for the Full Year 2018
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.