Home / Knowledge / News / Apparel/Garments / Tom Tailor Group H1 sales skyrocket 95.9%
Tom Tailor Group H1 sales skyrocket 95.9%
08
Aug '13
TOM TAILOR GROUP succeeded in holding its own in the first half-year despite difficult underlying conditions. The Company increased sales by 95.9% from EUR 207.8 million to EUR 407.0 million. This increase was the result of the organic growth of the TOM TAILOR umbrella brand, with sales rising from EUR 36.7 million to EUR 244.5 million.

Moreover, the BONITA umbrella brand contributed EUR 162.5 million to Group sales in the first six months of the year. The recurring earnings before interest, taxes, depreciation and amortisation (EBITDA) went up from EUR 11.8 million in the previous year to EUR 25.8 million. This constitutes a rise of approximately 118.6%.

Highlights:

- Group sales up 95.9% to EUR 407.0 million
- TOM TAILOR umbrella brand: Growth driver with an increase in sales of 17.7%
- Recurring EBITDA more than doubles to EUR 25.8 million
- Gross profit margin increases by 5.7 percentage points to 56.2%
- Outlook adjusted for the 2013 financial year

"We are pleased that our TOM TAILOR umbrella brand continued to grow during the first half of the year, bucking both, market trends and the weather. As expected, BONITA was unable to detach itself from the difficult conditions in the market," said Dieter Holzer, CEO of TOM TAILOR Holding AG. "We are convinced that we can bring BONITA back on track for success in the second half of 2013," emphasised Dieter Holzer.

TOM TAILOR umbrella brand continues to grow successfully

TOM TAILOR GROUP doubles its sales in the first half-year to EUR 407.0 million (previous year: EUR 207.8 million). In the second quarter, Group sales climbed to EUR 210.1 million (previous year: EUR 104.3 million). Thereby, it must be considered that BONITA was consolidated for the first time in August 2012.

The Group's growth was driven in particular by the TOM TAILOR umbrella brand across all channels. Sales in the TOM TAILOR retail segment increased by 26.1% to EUR 107.8 million (previous year: EUR 85.5 million).

Within also TOM TAILOR's e-commerce business continued to grow dynamically, with a sales increase of 14.9% to EUR 17.7 million (previous year: EUR 15.4 million). In the second quarter, TOM TAILOR retail achieved a like-for-like increase in sales of 13.1%. This meant that the retail segment grew for the eighteenth quarter in a row in comparable sales areas. Like-for-like growth in the first half-year came to 7.9%, thereby significantly exceeding the industry average.

The TOM TAILOR wholesale segment increased sales by 11.8% from EUR 122.3 million to EUR 136.7 million in the reporting period. Since 31 December 2012, the segment increased the number of shop-in-shops by net 71 to 2,102 and of franchise stores by net five to 180 stores.

The BONITA umbrella brand contributed sales of EUR 162.5 million to the Group's overall sales. This corresponds to a fall of 6.3% year-on-year. Sales declined by 5.0% in the second quarter and by 9.6% in the first half-year on a like-for-like basis.

Click here to read full results

Tom Tailor

Must ReadView All

Courtesy: Li & Fung

Textiles | On 29th Mar 2017

Li & Fung introduces new 3-year plan 2017-2019

Li & Fung Limited has outlined its next Three-Year Plan (2017-2019)...

Courtesy: Carrington

Apparel/Garments | On 29th Mar 2017

Carrington Workwear signs JV with TMG Textiles

Carrington Workwear, one of the largest producers of workwear fabrics ...

Apparel/Garments | On 29th Mar 2017

Jabong launches Aeropostale on its platform

Jabong has added leading American high-street fashionwear brand,...

Interviews View All

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search