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Tom Tailor Posts Profit In FY14; Sees Higher Sales In FY15 - Quick Facts

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

German fashion and lifestyle company Tom Tailor Holding AG (TTI.DE,TTI.BE,TTI.MU) reported Wednesday that its fiscal 2014 net income was 10.8 million euros, compared to previous year's Group loss of 16.2 million euros.

Recurring net income was 21.1 million euros, compared to 1.7 million euros last year.

Driven by the persistently strong growth of the TOM TAILOR brand, the company increased its sales to 932.1 million euros from previous year's 907.2 million euros.

Recurring earnings before interests, taxes, depreciation and amortisation or EBITDA increased to 87.2 million euros from previous year's 77.2 million euros. EBITDA margin rose to 9.4 percent from 8.5 percent in the previous year.

Looking ahead, for fiscal 2015, the company expects a moderate single-digit increase in Group sales and a recurring EBITDA margin at the previous year"s level.

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