Home / Knowledge / News / Apparel/Garments / Tom Tailor Group sales zoom 64.6% in Jan-Sept
Tom Tailor Group sales zoom 64.6% in Jan-Sept
Oct '13
The Management Board of TOM TAILOR Holding AG decided, with the approval of the Supervisory Board, to carry out a capital increase against cash contributions through the partial utilisation of authorised capital.

The Company intends to use the proceeds from the capital increase to strengthen its equity ratio, reduce its gearing and acquire shares of subsidiaries. In advance to this transaction, TOM TAILOR GROUP is publishing key figures on its performance in the first nine months of 2013.


- Group sales up 64.6% to EUR 656.0 million

- Improvement of gross profit margin by 4 percentage points to 54.7%

- Recurring EBITDA increases by 52.8% to EUR 47.2 million

- Cash capital increase to strengthen equity base

Increase in sales of around 65%

TOM TAILOR GROUP benefited in the third quarter from an improved market environment and the first positive effects induced by the optimisation programme at the BONITA umbrella brand. In the first nine months of 2013 the Group boosted its sales by 64.6% to EUR 656.0 million (PY: EUR 398.5 million). When making comparisons with the previous year, it should be noted that BONITA was consolidated from August 2012 onwards.

TOM TAILOR Retail was once again the fastest-growing segment in the reporting period. The segment increased its sales by 28.4% to EUR 174.9 million (PY: EUR 136.2 million). The BONITA Retail segment generated sales of EUR 254.2 million; in the third quarter, BONITA recorded like for like growth of 5.3% for the first time since its acquisition by TOM TAILOR GROUP. BONITA's positive performance resulted primarily from im-proved merchandise management and shop floor controlling.

The Group also managed to expand its sales significantly in the wholesale segment (exclusively TOM TAILOR). Sales rose by 10.7% to EUR 226.9 million (PY: EUR 205.0 million) in the first nine months of the year.

Capital increase against cash contributions to strengthen equity base

The transaction will involve the issue of 1,818,098 new no-par-value registered shares, which excludes shareholders’ subscription rights, and will raise the share capital of TOM TAILOR Holding AG from EUR 24,209,035.00 to EUR 26,027,133.00. The new shares are entitled to share in profits from 1 January 2013.

The proceeds generated from the capital increase will serve to strengthen the equity ratio to a target range of between 30% and 35%. As of 30 September 2013, the equity ratio amounted to 26.1% (PY: 28.4%). Net debt of TOM TAILOR GROUP amounted to EUR 276.1 million on 30 September 2013 (PY: EUR 279.4 million), the transaction thus also serves to reduce the gearing ratio.

In addition, the Company plans to use a proportion of the funds raised to acquire minority shareholdings in subsidiaries. Through the purchase of these shares, the Company acts in the interest of its shareholders and should be able to reduce profit distributions to minority shareholders.

Click here to read full results

Tom Tailor Group

Must ReadView All

Courtesy: India ITME

Textiles | On 8th Dec 2016

Industry needs to create 1cr jobs in 3yrs: Kavita Gupta

Sharing several initiatives laid out by the government in R&D,...

Textiles | On 8th Dec 2016

Package will boost made-ups sector: SIMA

The reforms package approved by the Union Cabinet to boost employment ...

Textiles | On 8th Dec 2016

Cabinet okays reforms to boost jobs in made-ups sector

The Union Cabinet chaired by prime minister Narendra Modi has given...

Interviews View All

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Nuno Venda

‘There has been an increase in demand for water based inks, rather than...

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

December 2016

December 2016

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


Browse Our Archives


Advanced Search