Home / Knowledge / News / Apparel/Garments / Tom Tailor net slips into black first time in two years
Tom Tailor net slips into black first time in two years
10
Nov '14
Germany based apparel marketer, Tom Tailor Group posted a smart turnaround in its net income, which slipped into black for the first time in two years, in the first nine months of 2014.

For the first time in two years, Tom Tailor Group net income in the January to September 2014 period, amounted to EUR 1.8 million from a net loss of EUR 13.9 million, in the corresponding period of 2013.

Resultantly, it reported loss of EUR 0.08 per share in the first nine months of 2014 from a loss of EUR 0.78 per share in the first nine months of last year.

Tom Tailor Group said its sales rose by 3.5% to EUR 679.1 million in the first nine months of 2014 from EUR 656 million, in the first nine months of 2013.

“The main growth drivers were the wholesale activities of the Tom Tailor brand which posted sales hike of 9.9%, from a year ago period,” the clothing marketer indicated.

It added, “Warm temperatures in September and decline in customer footfalls, pulled down retail sales significantly, which were partially compensated by the wholesale segment.”

With contribution from all sales channels, reported EBITDA improved significantly and surged 50.4% to EUR 54.9 million versus EUR 36.5 million, from a year ago period.

Reported EBITDA margin in the period under review increased 3 percentage points to 8.1% from 5.6% in the January to September 2013 period.

In the reporting period, gross profit margin expanded 2.1 percent to 56.8% from 54.7%, which it attributed to strong momentum from Bonita brand, whose margin rose 4.9 percent from last year’s first nine months.

Tom Tailor also attributed this positive development to deliberate reduction in promotional sales campaigns and further expansion of direct procurement through its own sourcing channels.

Cash flow from operating activities increased significantly by EUR 36.4 million to EUR 46.8 million against EUR 10.4 million last year.

Tom Tailor was able to significantly cut net debt by EUR 70.3 million to EUR 205.8 million in the first nine months of 2014 from EUR 276.1 million.

In its outlook for the full year 2014 adjusted to unfavourable weather conditions, Tom Tailor Group now expects sales of between EUR 925 million and EUR 935 million.

“We succeeded in further increasing profitability and achieved a positive net income and are pleased that Bonita has contributed to this positive development for the first time,” CEO, Dieter Holzer said. (AR)

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: American Silk Mills

Textiles | On 18th Oct 2017

Sutlej Textiles adds American Silk Mills to its portfolio

Sutlej Textiles and Industries Ltd (STIL) has announced the...

Arvind Limited executive directors Punit Lalbhai (left) and Kulin Lalbhai explaining the project to Gujarat chief minister Vijay Rupani. Courtesy: Arvind Ltd

Apparel/Garments | On 18th Oct 2017

Arvind to set up mega apparel facility in Gujarat

Arvind Limited, one of India’s largest textile to retail...

Cotton stocks accumulating everywhere outside of China

Textiles | On 18th Oct 2017

Cotton stocks accumulating everywhere outside of China

Global cotton stocks outside of China are expected to rise by nearly...

Interviews View All

Neel Sawhney
One Friday

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

Anshul Sood
Oceedee

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

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Kevin Nelson
TissueGen

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Ritu Kumar
Label Ritu Kumar

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

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

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

October 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
77.3%
No
13.6%
Skip
9.1%

Total Votes: 66

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
60.6%
No
28.8%
Skip
10.6%

Total Votes: 66

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
84.8%
No
10.6%
Skip
4.5%

Total Votes: 66

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
74.2%
No
12.1%
Skip
13.6%

Total Votes: 66


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search