By
Reuters
Published
Jun 14, 2012
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Gerry Weber's sales up nearly 13 percent

By
Reuters
Published
Jun 14, 2012

FRANKFURT - Sales at German fashion house Gerry Weber rose 12.8 percent in the last three months, while net profits jumped by almost 30 percent, it said on Thursday, adding that it was on track to hit its full-year targets.


Photo: Gerry Weber


Its second-quarter net profit rose to 20.2 million euros ($25.40 million) on sales of 211 million euros, beating the consensus forecasts given by analysts in a Reuters poll, which were for 18.9 million euros and 209 million euros respectively.

For the full year the company is aiming for revenues of 795 million euros and an operating margin of 14.5-14.6 percent, compared with a second-quarter margin of 13.9 percent.

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