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
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

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Pakistan's Finance Minister Mohammad Ishaq Dar presenting Budget 2017-18 in National Assembly in Islamabad on May 26. Courtesy: PID, Pakistan

Textiles | On 27th May 2017

Pakistan Budget 2017-18 proposes 4 new measures

To support the textile sector in Pakistan, finance minister Mohammad...

Textiles | On 27th May 2017

Indian exports can touch $325 bn in 2017-18: FIEO

Indian exports are on upward trend in last few months as the country...

Interviews View All

Jurgen Gauger

‘Buying crowdsourced or creative designs are much more appealing to the...

Kaizad Hansotia

Competition is the best thing that can happen to a startup

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Kevin Nelson

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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


news category

Related Categories:
May 2017

May 2017

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


Browse Our Archives


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