DGAP-News

TOM TAILOR GROUP focuses on profitable growth

DGAP-News: TOM TAILOR Holding AG / Key word(s): Development of Sales
TOM TAILOR GROUP focuses on profitable growth

15.04.2014 / 09:30

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TOM TAILOR GROUP focuses on profitable growth

- TOM TAILOR Retail achieves increase in like-for-like sales by 9.6%

- BONITA significantly improves its gross profit margin by 8.6 percentage
points to 69.3% and records an anticipated drop in sales

Hamburg, 15 April 2014. TOM TAILOR GROUP has enjoyed a dynamic start into
the fiscal year 2014. In the first three months of 2014, the Group
increased sales of its two retail segments TOM TAILOR and BONITA by 5.1% to
EUR 127.6 million.

The TOM TAILOR brand continued its growth course in the retail segment
uninterrupted and increased sales by 13.3%. In like-for-like terms, sales
increased by 9.6%. The TOM TAILOR retail segment therefore once again
distinctly exceeded the general development of the German textile industry,
which concluded the first quarter with an increase of 3.0% (source:
TW-Testclub 15/2014). With a 28.9% increase in sales, the e-commerce
business played a significant role in TOM TAILOR's dynamic development.

In 2014, activities at BONITA are focused on improving profitability. In
the first quarter, there have already been signs of a positive impact on
the gross profit margin. By means of adjusted sales strategies and the
further shift of sourcing activities towards the company-owned purchasing
organization, BONITA significantly increased its gross profit margin from
60.7% in the first quarter of 2013 to 69.3% in the reporting period. As
expected, BONITA's sales development was however weaker as compared to the
previous year. The BONITA brand recorded a 6.3% decline in sales in the
first quarter. On a like-for-like basis, sales dropped by 8.7%.

"The current results for the first quarter confirm the targets for our two
brands: TOM TAILOR has successfully continued its course of growth. BONITA
on the contrary has clearly focused on qualitative and profitable growth,
already reporting a first success with its improved gross profit margin. We
will continue this path with discipline and vigour," said Dieter Holzer,
Chairman of the Management Board (CEO) of TOM TAILOR Holding AG.

TOM TAILOR GROUP will publish its complete report on the first quarter of
2014 on 08 May 2014.


About TOM TAILOR GROUP

TOM TAILOR GROUP is an international fashion and lifestyle company offering
stylish casual wear and accessories in the medium price range through its