allowances in the Segment, hall, Huber pressed the ailing fashion group Gerry Weber in the past financial year even deeper in the red than feared. In view of the business planning of Hallhuber, as well as an adjustment to the valuation of the Finnish and Norwegian business and a value adjustment resulting demand of a total of 44.2 million euros, as the company announced on Monday.
Therefore is likely to be a fall in the past financial year 2017/18, the loss before interest and taxes (Ebit) of 192,3 million Euro. So far, Gerry Weber had assumed a deficit of 148,1 million euros.
Excluding the special items in connection with the group restructuring and impairment Management expects an operating loss of 15.5 million Euro, a Plus of almost 20 million euros a year earlier. The final Numbers are at 28. February will be published.
The fashion group with its core brands, Gerry Weber, Hallhuber, Samoon and Taifun had announced in November a stringent rehabilitation course with a massive jobs and branch removal. So worldwide, 900 of 6500 jobs and up to 200 branches will be eliminated. The share price had recovered a little, was the last fallen, but strong again.
On Monday the price fluctuated strongly to the Friday’s closing. Finally, it went up by around 4 percent to 2.67 euros. For comparison, had the best times of the year, 2014 papers cost nearly 40 euros.
GERRY WEBER — — (–) tradegate exchange Xetra lang & Schwarz in Frankfurt, Stuttgart, London SE Int. Level 1Wien 1T 1W 3M 1J looks 3J 5J For detail view
Who had invested a decade ago, a sum of 10,000 Euro in the fashion group, today in the Depot only to a value of nearly 2950 Euro. Over the past five years, the result is even more frightening: V0n 10,000 euros left no 1000 Euro. Last year alone, 2018, the rate loss of the Gerry Weber share was about 76 percent.