DGAP-News

TOM TAILOR Holding AG: TOM TAILOR GROUP returns to profitability in 2014 with recurring net income of EUR 21.1 million

DGAP-News: TOM TAILOR Holding AG / Key word(s): Preliminary
Results/Miscellaneous
TOM TAILOR Holding AG: TOM TAILOR GROUP returns to profitability in
2014 with recurring net income of EUR 21.1 million

19.02.2015 / 07:31

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Preliminary results for the fiscal year 2014

- TOM TAILOR GROUP increases recurring net income from EUR 1.7 million to
EUR 21.1 million

- Group achieves positive reported net income of EUR 10.8 million before
non-controlling interests (previous year: EUR -16,2 million) and EUR
7.2 million after non-controlling interests (previous year: EUR -21.3
million)

- Recurring EBITDA up 13% to EUR 87.2 million and reported EBITDA up
31.4% to EUR 84.3 million

- Recurring and reported EBITDA margins increased to 9.4% (previous year:
8.5%) and 9.0% (previous year: 7.1%), respectively

- Recurring and reported earnings per share (after non-controlling
interests) rose from EUR -0.14 to EUR 0.68 and from EUR -0.87 to EUR
0.28, respectively

- Operating cash flow increased from EUR 59.7 million to EUR 70.3
million, free cash flows rose from EUR 20.9 million to EUR 31.8 million

Hamburg, 19 February 2015. TOM TAILOR GROUP pushed ahead with its
profitable growth course in the fiscal year 2014 and achieved the targets
set. Despite a difficult market environment, the Group increased its sales
to EUR 932.1 million (previous year: EUR 907.2 million) and thus came in at
the upper end of the target range of EUR 925 million to EUR 935 million.
With a 9.1% increase in sales, TOM TAILOR was the driver behind this
result. Recurring earnings before interests, taxes, depreciation and
amortisation (EBITDA) increased by 13.0% over the previous year to EUR 87.2
million (previous year: EUR 77.2 million). This can be primarily ascribed
to the sales growth at the TOM TAILOR brand and the improved profitability
of BONITA. An increase in the gross profit margin by 2.1 percentage points
to 57.1% (previous year: 55.0%) also had a positive impact. For the Group
as a whole, the recurring EBITDA margin rose to 9.4% (previous year: 8.5%)
and thus came in close to the middle of the target range of 9.2% to 9.7%.
The reported EBITDA increased as compared to the previous year by 31.4% to
EUR 84.3 million (previous year: EUR 64.1 million), with an EBITDA margin
increase up to 9.0% (previous year: