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

Apparel/Garments | On 24th Mar 2017

UK online retail sales up 15% in February 2017

Online retail sales in UK have grown by 15 per cent year-on-year in...

Courtesy: Messe Frankfurt

Textiles | On 24th Mar 2017

Over 3341 exhibitors participate in Intertextile Shanghai

More than 3,341 exhibitors from 26 countries and regions participated ...

Apparel/Garments | On 24th Mar 2017

Tiruppur garment cluster hopeful of meeting export target

The Tirupur garment cluster is hopeful of meeting its target of...

Interviews View All

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Larry L Kinn
Suominen Corporation

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

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Igor Chapurin
Chapurin

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

Sonam & Paras Modi
SVA

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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

news category


Related Categories:
March 2017

March 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