Gerry Weber reveals bigger EBIT loss for fiscal year 2017/18

According to the adjusted the preliminary results of Gerry Weber International AG, for the financial year 2017/18, upon presentation of a new business plan for the Hallhuber segment and as a result of necessary valuation allowances for the Norwegian and Finish subsidiaries of the retail segment, an impairment of 44.2 million euros has been identified. According to that, the group's EBIT amounts to a loss of 192.3 million euros against previous outlook of 148.1 million euros.