DGAP-News: TOM TAILOR Holding AG: TOM TAILOR continued growth
(firmenpresse) - TOM TAILOR Holding AG / Quarter Results/Quarter Results
13.07.2010 17:39
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- Consolidated sales up by 13.6 percent in second quarter
- Expansion driven by increase in controlled distribution areas
- Wholesale segment raised sales by 6.3 percent in second quarter
- Like-for-like growth of 5.8 percent in Retail segment in second quarter
(including E-Shop: 14.2 percent)
Hamburg, July 13, 2010. Lifestyle company TOM TAILOR can look back on a
highly successful first six months of 2010, having raised its consolidated
sales by 9.9 percent year on year to EUR147.3 million (H1 2009: EUR134.0
million). Both of its segments contributed to this growth: sales from the
Wholesale segment rose by 1.1 percent to EUR104.9 million (H1 2009:
EUR103.7 million), while the Retail segment increased its sales by 39.8
percent to EUR42.3 million (H1 2009: EUR30.3 million).
Second-quarter consolidated sales advanced by 13.6 percent from EUR62.4
million to EUR70.9 million. Sales in the Wholesale segment grew by 6.3
percent to EUR48.8 million (Q2 2009: EUR45.9 million). The Retail segment
generated like-for-like sales growth of 5.8 percent in the second quarter;
including the highly successful E-Shop, like-for-like growth came to 14.2
percent. The Retail segment generated like-for-like growth of 5.8 percent
in the first half of 2010 (including the E-Shop: 14.1 percent growth). This
meant that TOM TAILOR comfortably outperformed the average growth rate of 2
percent achieved in the German market (source: TW Testclub 27/2010).
'Our consistent sales growth demonstrates that the branding strategy we
apply to TOM TAILOR and TOM TAILOR Denim, coupled with the exceptional
performance of our systems and processes, puts the Company in a position to
outperform the market over the long term', said Dieter Holzer, the
Company's CEO. 'We will therefore remain a sustainable and growing business
going forward.'
TOM TAILOR is continuing its relentless strategy of expansion, the main
priority being to increase the amount of controlled distribution areas in
its Retail and Wholesale segments. Its Retail segment will focus on opening
new retail stores, and this strategy will be stepped up from the third
quarter of 2010. The Company has already opened nine stores over the past
six months, increasing the number of its own stores to 96 (excluding the
E-Shop).
TOM TAILOR plans to increase the number of franchise stores and
shops-in-shops in its Wholesale segment. Since December 31, 2009 the number
of franchise stores has risen by 4 to 205, while the number of
shops-in-shops has grown from 1,108 to 1,240.
TOM TAILOR will publish its full financial statements for the second
quarter of 2010 on August 10, 2010.
About TOM TAILOR
TOM TAILOR - casual fashion for a casual life!
The TOM TAILOR Group is an internationally active, vertically integrated
lifestyle company offering fashionable casual wear and accessories for men,
women, young adults and children in the medium price range. Since its
foundation in 1962, the Company has catered for positive and easy-going
lifestyles with its authentic fashion designs. Under the TOM TAILOR Casual
and TOM TAILOR Denim brands, twelve new collections are marketed for each
brand every year. The Group's fashionable offers are complemented by 17
licensed product groups. The collections are sold through both wholesale
and retail channels. TOM TAILOR is a dynamic company that has been growing
and expanding continuously for many years. At the end of the second quarter
of 2010, TOM TAILOR operated 96 of its own stores, the TOM TAILOR E-Shop,
205 franchise businesses, 1,240 shops-in-shops and more than 4,500
multi-label sales areas, and thereby commands a market presence of more
than 6,000 points of sale across 35 countries. The TOM TAILOR Group
generated sales of EUR70.9 million in the second quarter of 2010 (Q2 2009:
EUR62.4 million). The Company employs 901 people worldwide (as at June 30,
2010).
Viona Brandt
Investor Relations
TOM TAILOR Holding AG
Tel.: +49 (0)40 5895 6429
Fax: +49 (0)40 5895 6399
vb(at)tom-tailor.com
Further information can be found at www.tom-tailor.com.
Viona Brandt
Investor Relations
TOM TAILOR Holding AG
Tel.: +49 (0)40 5895 6429
Fax: +49 (0)40 5895 6399
vb(at)tom-tailor.com
Further information can be found at www.tom-tailor.com.
13.07.2010 17:39 Ad hoc announcement, Financial News and Press Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Language: English
Company: TOM TAILOR Holding AG
Garstedter Weg 14
22453 Hamburg
Deutschland
Phone: +49 (0) 40 589 56 0
Fax: +49 (0) 40 589 56 398
E-mail: info(at)tom-tailor.com
Internet: www.tom-tailor.com
ISIN: DE000A0STST2
WKN: A0STST
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), Hamburg;
Freiverkehr in Berlin, Düsseldorf, Hannover, München,
Stuttgart
End of News DGAP News-Service
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Datum: 13.07.2010 - 17:39 Uhr
Sprache: Deutsch
News-ID 23835
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