Ad Hoc Announcements
02/18/2014 | 18:05 CET/CEST
TOM TAILOR Holding AG / Key word(s): Preliminary Results
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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The issuer is solely responsible for the content of this announcement.
TOM TAILOR Holding AG Publishes Preliminary Results for Fiscal Year 2013:
Sales Target Achieved - Recurring EBITDA Below the Expectations
Hamburg, 18 February 2014: TOM TAILOR GROUP further expanded its market
position in the fiscal year 2013. According to preliminary figures, the
Group boosted its sales by 44.1% to EUR 907.2 million (2012: EUR 629.7
million) and reached the upper end of its EUR 890 million to EUR 910
million target range. This increase was in particular driven by the
repeatedly strong growth of the TOM TAILOR brands as well as the first-time
full-year consolidation of the BONITA brand. In the fiscal year 2013, TOM
TAILOR GROUP increased its recurring earnings before interest, tax,
depreciation and amortisation (EBITDA) by 16.1% to EUR 77.2 million (2012:
EUR 66.5 million). Despite an increase in the recurring EBITDA of the TOM
TAILOR brands by 27.8%, the Group's recurring EBITDA remained below the
targeted range of EUR 85 million to EUR 95 million. The reason for this
being inventory sales at the end of the fourth quarter 2013, which
negatively impacted BONITA's profitability. In addition, the Christmas
sales failed to meet expectations.
For the fiscal year 2014, TOM TAILOR GROUP aims at sales of more than EUR
950 million and a recurring EBITDA margin of around 10%. Both brands ought
to contribute to this development.
TOM TAILOR Holding AG furthermore announces changes in its management
board: To further strengthen the product, design and brand competence of
BONITA and BONITA men, former Chief Product Officer of TOM TAILOR Holding
AG, Udo Greiser, was appointed sole Managing Director of BONITA GmbH
effective 1 February 2014. He will resign from the management board of TOM
TAILOR Holding AG. He will be succeeded by Daniel Peterburs who will become
Chief Product Officer and be responsible for product development, sourcing
and licencing as of 1 March 2014. Daniel Peterburs has been with the Group
since 2008 and until now has been Division Head for the product line TOM
TAILOR Denim Male.
Head of Investor Relations & Corporate Communications
Tel.: +49 (0) 40 58956-449
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Company: TOM TAILOR Holding AG
Garstedter Weg 14
Phone: +49 (0) 40 589 56 0
Fax: +49 (0) 40 589 56 398
Listed: Regulierter Markt in Frankfurt (Prime Standard), Hamburg;
Freiverkehr in Berlin, Düsseldorf, Hannover, München,
End of Announcement DGAP News-Service