BERLIN (dpa-AFX) - Fashion and lifestyle company Gerry Weber International AG (GRYIF.PK) Thursday said its consolidated sales for the 9-month period increased 30.2% to 247.4 million euros from 190.0 million euros in the same period last year, helped by growth in all segments.
Earnings before interest, taxes, depreciation, and amortization or EBITDA increased to 36.9 million euros from 23.6 million euros a year ago.
Normalised EBITDA, adjusted for the effects from lease accounting to IFRS 16 was 11.1 million euros compared with a loss of 2.2 million euros in the previous year.
The company's net loss for th 9-month period narrowed to 10.2 million euros from 24.3 million euros loss in the previous year.
Looking forward, Gerry Weber continues to expect full-year sales between 315 million euros and 340 million euros. The company still expects normalised EBITDA in the negative single-digit to positive single-digit million range for the year.
Copyright(c) 2022 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
© 2022 AFX News
