Home / Knowledge / News / Apparel/Garments / TOM TAILOR on track; IPO boosts financial strength
TOM TAILOR on track; IPO boosts financial strength
23
Aug '10
TOM TAILOR Holding AG increased Group revenue by 9.9% to EUR 147.3 million in the first half of 2010 (H1 2009: EUR 134.0 million). In the second quarter of 2010, Group revenue increased by 13.6% to EUR 70.9 million (Q2 2009: EUR 62.4 million). The Retail segment was an important growth driver in the first half year, pushing up revenue by 39.8% to EUR 42.3 million (H1 2009: EUR 30.3 million).

In the Retail segment, TOM TAILOR distributes its products through its own retail stores and its e-shop. Retail revenue climbed 33.9% to EUR 22.1 million in the second quarter of 2010 (Q2 2009: EUR 16.5 million). On a like-for-like basis, revenue in the second quarter of 2010 rose 5.8%, or 14.2% including the e-shop. In the first half of 2010, like-for-like growth was also 5.8% (including eshop: 14.1%). Accordingly, the Group performed significantly better than the average market growth of 2% in Germany.

In the first six months the e-business was particularly dynamic, recording growth in excess of 40% over the prior year.

"We successfully implemented our growth strategy in the first half of 2010 and expect to see a continuation of the sustained improvement of earnings in the future,” commented Dieter Holzer, CEO of TOM TAILOR Holding AG.

"The IPO definitely boosted our financial strength. We will take advantage of the situation by continuing the targeted expansion of controlled sales areas and promoting further profitable growth.” The dynamic growth in the controlled sales areas also continued in July.

In the Wholesale segment, revenue rose to EUR 104.9 million in the first six months of 2010 (H1 2009: EUR 103.7 million). The increase was particularly pronounced in the second quarter with a rise of 6.3% to EUR 48.8 million (Q2 2009: EUR 45.9 million). Adjusted for one-time effects, Group earnings before interest, taxes, depreciation, and amortization (EBITDA) of TOM TAILOR Holding AG increased 73.9% to EUR 13.5 million in the first half of 2010 (H1 2009: EUR 7.7 million), representing an adjusted EBITDA margin of 9.1% (H1 2009: 5.8%).

The one-time effects are primarily reflecting IPO costs in the first quarter of 2010. In the second quarter of 2010, adjusted EBITDA improved significantly by EUR 4.2 million to EUR 3.6 million (Q2 2009: loss of EUR 0.6 million). Taking into account total one-time effects of EUR 7.3 million (thereof Q1 2010: EUR 7.0 million), EBITDA in the first half of 2010 amounted to EUR 6.2 million (H1 2009: EUR 8.5 million). In the second quarter of 2010, EBITDA rose strongly to EUR 3.3 million (Q2 2009: loss of EUR 0.9 million).

EBITDA generated by the Retail segment in the first half of 2010 amounted to EUR 2.9 million (H1 2009: EUR 1.7 million) and largely reflected second quarter earnings of EUR 2.4 million (Q2 2009: EUR 1.6 million). The rising earnings trend will continue in the second half of the year due to the seasonal effects of that period.


Must ReadView All

Ethiopia’s Kombolcha Industrial Park attracts foreign firms

Apparel/Garments | On 15th Dec 2017

Ethiopia’s Kombolcha Industrial Park attracts foreign firms

Strategic location, modern factory facilities and proximity to the...

Courtesy: 2XU

Apparel/Garments | On 15th Dec 2017

L Catterton Asia announces JV of GXG and 2XU

L Catterton Asia, the Asian unit of the largest and most global...

15 trade associations urge nations to safeguard WTO system

Apparel/Garments | On 15th Dec 2017

15 trade associations urge nations to safeguard WTO system

Fifteen trade and industry associations from across the world have...

Interviews View All

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Eric Scholler
Groz-Beckert

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

Kevin Nelson
TissueGen

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Bani Batra

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, 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

December 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
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

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
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

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
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

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
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


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