DGAP-News: TOM TAILOR GROUP clearly boosts profitabilit: RESET Programme Gets in Gear

Nachricht vom 09.11.2017 (www.4investors.de) -


DGAP-News: TOM TAILOR Holding SE / Key word(s): Quarterly / Interim Statement/9-month figures

TOM TAILOR GROUP clearly boosts profitabilit: RESET Programme Gets in Gear
09.11.2017 / 07:00


The issuer is solely responsible for the content of this announcement.
 

Implementation of the RESET programme is going faster than planned
 
Group turnover in the nine-months period slightly lower due to product, country and store closures, falling to EUR 686.2 million (9M 2016: EUR 695.1 million)
 
Gross margin has grown from 53.6 to 56.7 percent; Group EBITDA increased by 66.6 percent to EUR 52.8 million (9M 2016: EUR 31.7 million); EBIT has grown significantly in the nine month period from EUR minus 4.0 million in the prior year period to EUR 26.1 million'
 
Operating cash flow increased to EUR 28.9 million (9M 2016: EUR 0.1 million)
 
Investments in key projects such as a new eShop and SAP accelerated, first results visible
 
Hamburg, 9 November 2017. The TOM TAILOR GROUP has confirmed that its positive trend continued through the third quarter of 2017. Thanks to the consistent implementation of measures to optimise costs and processes under its RESET programme, the Hamburg-based fashion company was able to present distinct profitability effects in the first nine months. While Group sales declined slightly - due to the discontinuation of products, countries and stores - by 1.3 percent to EUR 686.2 million (9M 2016: EUR 695.1 million), there was a notable improvement in the results. Earnings before interest, taxes, depreciation and amortisation (EBITDA) rose in the nine-month period by 66.6 percent to stand at EUR 52.8 million (9M 2016: EUR 31.7 million). Group earnings before interest and taxes (EBIT) significantly improved in the same period from negative EUR 4.0 million to EUR 26.1 million. The gross profit margin also developed positively with a plus of 0.8 percentage points - standing currently at 56.7 percent, after 55.9 percent in the prior year period. Operating cash flow increased to EUR 28.9 million (9M 2016: EUR 0.1 million). Thus, the TOM TAILOR GROUP can look back at a successful nine months.

"Our results demonstrate that we have set many important points for a sustainably profitable development of the TOM TAILOR GROUP in these past several months", comments Dr. Heiko Schäfer, Chief Executive Officer of TOM TAILOR Holding SE. "We are well on the way to achieving the goals we set ourselves for 2017 with our RESET programme and in some areas we are close to surpassing them. This is why we have begun, in the second half of the year, to drive further pioneering projects forward that will play a key role in the future development of the TOM TAILOR GROUP - as an example the digitalisation of our business processes."TOM TAILOR Segments Retail and Wholesale continue to grow
The positive trend of the TOM TAILOR GROUP is mainly reflected in the TOM TAILOR brand, that has grown more strongly in the channels Retail and Wholesale than the overall market. In the first nine months of the year, TOM TAILOR Retail was able to increase its turnover by 1.1 percent to EUR 213.6 million (9M 2016: EUR 211.3 million) and the gross profit by 5.0 percent to EUR 123.5 million (9M 2016: EUR 117.6 million).
In the Wholesale area, sales grew in the nine-month period by 2.9 percent to EUR 270.7 million (9M 2016: EUR 262.9 million) and the gross profit by 3.5 percent to EUR 127.9 million (9M 2016: EUR 123.6 million). EBITDA in the reference period even rose by 53.6 percent to EUR 40.4 million (9M 2016: EUR 26.3 million).BONITA significantly increases EBITDA
In the first nine months the BONITA brand recorded a decline in sales of 8.6 percent to EUR 201.9 million (9M 2016: 220.8 Mio. EUR) - this was due to conscious cleanup decisions in the context of the RESET programme. Meanwhile, EBITDA in the reporting period decreased noticeably to stand at EUR 10.5 million now (9M 2016: EUR minus 0.8 million). In the third quarter alone, the gross margin rose to 69.9 percent (Q3 2016: 65.7 percent). At the same time, the number of BONITA stores fell further to 830 (Q3 2016: 982).
 

TOM TAILOR GROUP invests in key projects
In order to drive this positive development forward in the future, the TOM TAILOR GROUP laid the cornerstones in the second half of the year that will play a key role in the continuing realignment of the group. Firstly, the digitalisation of business processes with the changeover to SAP throughout the company has started well and has been concluded in the area of product development. Secondly, the TOM TAILOR e-shop in Germany was launched in September and will offer a much better user experience and will further increase the income from the online business.

Apart from this, the company is strengthening the awareness of the TOM TAILOR brand across all channels with the "Say YES" campaign. At BONITA not only were the CRM activities intensified, but in five locations a new store concept was introduced, which is better adapted to the changed consumer preferences. In connection with further online campaigns, the first positive signals will be used for the targeted positioning of the brand.
 

Further positive outlook for the fiscal year 2017

"The growing profitability of our operating business shows that with RESET we have been turning at the right screws so far", explains Thomas Dressendoerfer, Chief Financial Officer of TOM TAILOR Holding SE. "Even if 2017 remains a year of transformation, we can ascertain that the measures taken already show visible success and we have taken the right direction."

For the remainder of the business year, the TOM TAILOR GROUP again confirms its forecast as adjusted in the first quarter as a result and assumes there will be a sharp year-on-year increase in reported EBITDA compared with the prior year. Because of the discontinuation of products, countries and branches under the RESET programme as well as the licensing of the Kids devision, the management still expect a lower group turnover for the benefit of operating profitability.

 

KEY FIGURES
in EUR million
Q3 2017
Q3 2016
Change in %
Q1 - Q3 2017
Q1 - Q3
2016
Change in %
 
 
 
 
 
 
 
Sales
239.9
243.7
-1.6%
686.2
695.1
-1.3%
TOM TAILOR Retail
73.4
73.5
-0.1%
213.6
211.3
1.1%
TOM TAILOR Wholesale
104.3
102.8
1.5%
270.7
262.9
2.9%
BONITA
62.2
67.4
-7.8%
201.9
220.8
-8.6%
 
 
 
 
 
 
 
Gross profit1
136.8
132.1
3.5%
388.8
388.4
0.1%
Gross margin (in %)1
57.0
54.2
2.8pp
56.7
55.9
0.8pp
 
 
 
 
 
 
 
EBITDA2
22.1
12.8
72.6%
52.8
31.7
66.6%
EBITDA margin (in %)2
9.2
5.3
3.9pp
7.7
4.6
3.1pp
EBIT2
14.4
1.5
>100%
26.1
-4.0
>100%
EBIT margin (in %)2
6.0
0.6
5.4pp
3.8
-0.6
4.4pp
 
 
 
 
 
 
 
Net result for the period2
7.4
-3.4
>100%
7.5
-14.1
>100%
Earnings per share (in EUR)
0.17
-2.21
>100%
0.14
-2.68
>100%
 
 
 
 
 
 
 
Cash flow from operating activities
6.7
6.1
9.9%
28.9
0.1
>100%

 

 
30.09.2017
31.12.2016
Change in percent
Balance sheet total
664.9
695.7
-4.4%
Equity
202.0
162.9
24.0%
Equity ratio (in %)
30.4
23.4
-
Cash and cash equivalents
45.3
38.1
18.9%
Net debt
125.3
194.7
-35.7%
Employees
6,095
6,789
-10.2%

 

1 2016: Excluding the inventory write-downs of EUR 15.6 million carried out as part of the RESET cost and process optimisation programme.

2 2016: Excluding the one-off expenses of EUR 49.0 million incurred as part of the RESET cost and process optimisation programme.

 

About TOM TAILOR GROUP
TOM TAILOR GROUP is an international, vertically integrated fashion company focussed on casual wear in the medium price segment. The product portfolio is complemented by an extensive range of fashionable accessories. With its brands TOM TAILOR and BONITA, the company covers the various core segments of the fashion market.

The TOM TAILOR brand is marketed through the retail and wholesale segments, and thus through single-label stores as well as wholesale partners. These include 454 TOM TAILOR stores and 191 franchise stores, 2,439 shop-in-shops and around 7,447 multi-label points of sale. The brand is present in more than 35 countries.

Along with its 830 retail stores, BONITA now has 51 shop-in-shop spaces.

The collections of both brands are also available through their respective online shops.

Information is also available at www.tom-tailor-group.com and www.BONITA.eu

 

Media contact
Lena Christin Wulfmeyer
Head of Corporate Communications
TOM TAILOR GROUP
Phone: +49 (0) 40 58956-420
Email: lena.wulfmeyer@tom-tailor.com

Investor contact
Viona Brandt
Head of Investor Relations
TOM TAILOR GROUP
Phone: +49 (0) 40 58956-449
Email: viona.brandt@tom-tailor.com

 












09.11.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language:
English
Company:
TOM TAILOR Holding SE

Garstedter Weg 14

22453 Hamburg


Germany
Phone:
+49 (0) 40 589 56 0
Fax:
+49 (0) 40 589 56 398
E-mail:
info@tom-tailor.com
Internet:
www.tom-tailor-group.com
ISIN:
DE000A0STST2
WKN:
A0STST
Listed:
Regulated Market in Frankfurt (Prime Standard), Hamburg; Regulated Unofficial Market in Berlin, Dusseldorf, Hanover, Munich, Stuttgart, Tradegate Exchange

 
End of News
DGAP News Service




627009  09.11.2017 





Pfeilbuttonmic AG: „Wir wollen Industrie 4.0 und Blockchain verbinden“ - Exklusiv-Interview
PfeilbuttonAURELIUS: „2017 wird das beste Jahr in unserer Unternehmensgeschichte” - Exklusiv-Interview
PfeilbuttonHanseYachts: „Unser Verkaufsapparat läuft inzwischen wie eine geölte Maschine“ - Exklusiv-Interview


+++ Exklusive Interviews und Analysen - gratis in Ihre Mailbox! +++

Tragen Sie sich jetzt für unseren kostenlosen 4investors Newsletter ein.


Bestätigungslink nicht per Mail bekommen? Bitte kontrollieren Sie Ihren Spamordner!

Der 4investors Newsletter erscheint unregelmäßig, i.d.R. 2 bis 6 Mal pro Monat. Wir geben ihre Mailadresse an keinen Dritten weiter! Sie können den kostenlosen 4investors Newsletter jederzeit problemlos wieder abbestellen.
comments powered by Disqus


Aktuelle Nachrichten aus der 4investors-Redaktion

17.11.2017 - tick Trading Software kündigt Dividende an
17.11.2017 - mybet Holding will Wandelanleihe ausgeben - Unterstützung von Investoren
17.11.2017 - Nordex Aktie: Kursziel heftig gesenkt, dennoch kaufen
17.11.2017 - USU Software muss Prognosen für 2017 senken - Aktie im Minus
17.11.2017 - Agrarius: Gewinnwarnung
17.11.2017 - PNE Wind erhält Millionenkredit von der IKB
17.11.2017 - FinTech Group Aktie: Achtung Kaufsignal, aber…
17.11.2017 - Euroboden: Anleihe gekündigt
17.11.2017 - Evotec Aktie: Eine reine Frage der Nerven!
17.11.2017 - MS Industrie meldet Neunmonatszahlen


Chartanalysen

17.11.2017 - FinTech Group Aktie: Achtung Kaufsignal, aber…
17.11.2017 - Geely Aktie: Die nächste Woche könnte spannend werden!
17.11.2017 - BYD Aktie: Mit Sorgen ins Wochenende!
17.11.2017 - Aumann Aktie: Startet jetzt eine Erholungsrallye?
17.11.2017 - Wirecard Aktie: Experten erwarten nächsten Kurssprung!
17.11.2017 - Adva Aktie: Dank Cisco aus dem Keller - und nun?
17.11.2017 - Deutsche Bank Aktie: Sehr deutliche Signale! Jetzt zum Jahreshoch?
17.11.2017 - Evotec Aktie: Der Nebel lichtet sich langsam!
16.11.2017 - Nordex Aktie: Das könnte jetzt was werden!
16.11.2017 - Evotec Aktie nach dem Absturz: Das sollten die Anleger jetzt wissen!


Analystenschätzungen

17.11.2017 - Infineon Aktie: Kommen gute oder schlechte Nachrichten?
17.11.2017 - SAP Aktie: Sehr optimistischer Ausblick
17.11.2017 - Siemens Aktie: Gelassenheit bei Analysten
17.11.2017 - Deutsche Telekom: Kaufempfehlung bleibt bestehen
17.11.2017 - Zumtobel: Noch mehr schlechte Nachrichten
17.11.2017 - Siemens: Der Zeitpunkt überrascht
17.11.2017 - Lufthansa: Auf Wachstumskurs
17.11.2017 - Gerry Weber: Personalie sorgt für Kursdruck
17.11.2017 - Patrizia Immobilien: Aktie verliert die Kaufempfehlung
17.11.2017 - Wirecard: Dreistelliges Kursziel


Kolumnen

17.11.2017 - Jamaika-Verhandlungen vorerst ohne Durchbruch - National-Bank Kolumne
17.11.2017 - Gute US-Berichtssaison, aber nicht so stark wie im ersten Halbjahr - Commerzbank Kolumne
17.11.2017 - Volkswagen Aktie: Pullback bestätigt mittelfristig intakten Aufwärtstrend - UBS Kolumne
17.11.2017 - DAX: Wichtige 13.000-Punkte-Marke zurückerobert - UBS Kolumne
16.11.2017 - Rentenmarkt erfordert aktives Management - Hansainvest Kolumne
16.11.2017 - Philadelphia Fed Index weiterhin auf hohem Niveau - National-Bank Kolumne
16.11.2017 - Die US-Inflation bleibt im Oktober verhalten - Commerzbank Kolumne
16.11.2017 - SAP Aktie: Der mittelfristige Aufwärtstrend ist intakt - UBS Kolumne
16.11.2017 - DAX: Erholung zum Handelsende sorgt für Entspannung - UBS Kolumne
15.11.2017 - USA: Inflation geht – nur kurzfristig – wieder auf die Marke von 2% zurück - Nord LB Kolumne

Werbung

All Right Reserved by minimalthemes - ©2014 Stoffels & Barck GbR