German fashion and lifestyle company Tom Tailor Holding AG (TTI.DE, TTI.BE, TTI.MU) reported that its first half recurring net loss narrowed to 0.3 million euros, from the prior year's 3.4 million euros. Recurring net loss per share was 0.08 euros, significantly narrower than 0.25 euros of loss, last year. On a reported basis, net loss for the period shrinked to 5.3 million euros, or 0.27 euros per share, from a loss of 13.9 million euros, or 0.69 euros per share, a year before.
Six-month sales went up by 4.5% to 425.2 million euros, from 407.0 million euros last year, driven mainly by the TOM TAILOR brands, whose sales increased by 11.0% to 271.4 million euros, backed by gains across all sales channels.
For comments and feedback: editorial@rttnews.com