Tom Tailor’s H1 sales grow by 18 percentWednesday, 08 August 2012
Tom Tailor Holding announced its financial status for the
half year fiscal 2012. In the period from January to June, the company reported an increase of 18 percent in its sales to 207.8 million Euros (257.65 million dollars).
In the second quarter, group sales climbed by 15.5 percent to 104.3 million Euros (129.27 million dollars) as compared to 90.3 million Euros (111.96 million dollars) in the same period last year.
During the first six months, Tom Tailor's retail segment grew sales by 34.6 percent to 85.5 million Euros (105.97 million dollars) from 63.5 million Euros (78.70 million dollars) in the same period last year. Its e-commerce sales rose by 46.6 percent to 15.4 million Euros (19.09 million dollars). The company also increased its number of retail stores by 21 to 269 in the first half of the year.
In the Wholesale segment, which comprises franchise stores and shop-in-shops, Tom Tailor grew its sales by 8.1 percent to 122.3 million Euros (151.58 million dollars) from 113.1 million Euros (140.18 million dollars) in first half of fiscal 2011. Company also increased the net number of shop-in-shops by 103 to 1,889 and franchise stores by four to 159 in the first quarter. Tom Tailor improved its gross profit margin by 3 percent to 50.5 percent.
The operating result - measured using adjusted EBITDA - improved, despite additional expenses for both, the TV campaign and the launch of the new POLO line. It stood at 11.8 million Euros (14.62 million dollars) in the first half of 2012, equivalent to an increase of approximately 16 percent on last year. Despite higher marketing and refinancing expenses, as well as costs for the Bonita takeover and tax payments for prior years, the cash outflow from operating activities improved in the first half to -8.8 million Euros (10.91 million dollars) from -9.5 million Euros (11.77 million dollars) in 2011.
Assuming that Bonita is fully consolidated with effect as of 1 August, the Group now anticipates sales of between 625 million Euros (774.63 million dollars) and 635 million Euros (787.02 million dollars) and an adjusted EBITDA of between 70 million Euros (86.76 million dollars) to 75 million Euros (92.96 million dollars).
Established in the year 1962, the Tom Tailor Group is an international and vertically integrated lifestyle company which offers stylish casual wear and accessories for men, women, teenagers and children. At the end of June 2012, Tom Tailor was represented in 35 countries by 269 dedicated stores, the Tom Tailor e-shop, 159 franchise stores, 1,889 shop-in-shops, and approximately 6,300 multi-label points of sale.