Home / Knowledge / News / Apparel/Garments / Tom Tailor Q1 recurring EBITDA ascends 12.1% to €11.1mn
Tom Tailor Q1 recurring EBITDA ascends 12.1% to €11.1mn
09
May '14
TOM TAILOR GROUP looks back on a dynamic first quarter. Group sales increased by 6.0% to EUR 208.7 million in the first three months of the current fiscal year (2013: EUR 196.8 million). This rise is attributable to the positive development of the two TOM TAILOR segments, which saw an increase in sales of 13.3% to EUR 140.3 million (2013: EUR 123.8 million).
 
Highlights:
-Group sales up 6.0% to EUR 208.7 million in the first quarter 
-Recurring EBITDA grows 12.1% to EUR 11.1 million
-TOM TAILOR e-commerce increases sales significantly by 40.6%
-BONITA strengthens profitability and sees a decline in sales as expected
-Group’s gross profit margin rises by 320 basis points to 56.9%
 
In contrast, sales in the BONITA segment declined by 6.3% to EUR 68.4 million (2013: EUR 73.0 million) in favour of an increase in profitability. The Group’s recurring EBITDA went up 12.1 % to EUR 11.1 million, while the reported EBITDA even surged by 57.1% to EUR 9.9 million.
 
“We got off to a good start in 2014. Our TOM TAILOR brand continued on its course in all sales channels without interruption and outperformed the market. BONITA’s development has confirmed our strategy of working to boost long-term profitability by concentrating on qualitative sales. We will continue resolutely on this path in the coming quarters and we are confident to develop BONITA within the next 12 - 24 months to a market performer,” said Dieter Holzer, Chief Executive Officer of TOM TAILOR Holding AG.
 
Growth driver TOM TAILOR Retail 
Sales in the TOM TAILOR Retail segment again grew over proportionately by 22.3% to EUR 59.2 million (2013: EUR 48.4 million). The increase in like-for-like sales amounted to 9.6% (2013: 2.3%).TOM TAILOR Retail therefore once again performed better than the industry, which grew by 3% in the first quarter. TOM TAILOR’s e-commerce also contributed to the segment’s growth with an increase in sales by 40.6% to EUR 11.1 million (2013: EUR 7.9 million). The TOM TAILOR Retail segment accounted for 28.4% of Group sales (2013: 24.6%).
 
Sales in the TOM TAILOR Wholesale segment rose 7.6% to EUR 81.1 million in the first three months of the year (2013: EUR 75.4 million). Since the beginning of the year, TOM TAILOR Wholesale further increased the number of shop-in-shop sales areas by 60 to 2,329. The number of franchise stores grew by two stores to a current total of 199. The wholesale business accounted for 38.9% of Group sales (2013: 38.3%).

Must ReadView All

Textiles | On 24th Jan 2017

Textile industry demands relaxation of laws from Budget

The upcoming Union Budget 2017-18 should focus on relaxing certain...

President Donald Trump; Courtesy: White House

Textiles | On 24th Jan 2017

US sets ball rolling for withdrawal from TPP

President Donald Trump has set the ball rolling for withdrawal of the ...

Textiles | On 24th Jan 2017

Indian cotton consumption estimated at 290 lakh bales: CAI

The domestic consumption of cotton during the crop season 2016-17...

Interviews View All

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Silke Brand-Kirsch
Schlegel und Partner

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

Eric Scholler
Groz-Beckert

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Tony Ward
Tony Ward

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

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
January 2017

January 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