DGAP-News: TOM TAILOR Holding SE: TOM TAILOR brand grows by 3.7 percent in Q2 2019

PRESS RELEASE

TOM TAILOR brand grows by 3.7 percent in Q2 2019

- Revenue for TOM TAILOR brand rises by 3.7 percent to €145.1 million

- Gross profit margin for TOM TAILOR brand at 57.0 percent

- Revenue in Retail segment increases by 5.0 percent and Wholesale segment
grows by 2.5 percent

- Revenue in BONITA segment declines by 28.3 percent

Hamburg, 12 December 2019. As announced on 14 August 2019, the TOM TAILOR brand grew once again in the second quarter of 2019, with revenue increasing by 3.7 percent to €145.1 million (Q2 2018: €139.9 million). Both the Retail segment and the Wholesale segment contributed to this growth. The Retail segment achieved turnover of €73.1 million (+5.0 percent) and the Wholesale segment €72.0 million (+2.5 percent). At €82.8 million, gross profit for the TOM TAILOR brand was in the same order as the previous year, which registered at €83.8 million. This represents a gross profit margin of 57.0 percent (Q2 2018: 59.9 percent). With the application of accounting standard IFRS 16, reported EBITDA in the second quarter of 2019 was at €15.6 million, compared to €12.4 million in the previous year's period (without application of IRFS 16: €4.8 million). Reported EBIT was at -€0.4 million (with application of IFRS 16) or -€1.5 million (without application of IFRS 16), compared to €4.8 million in the second quarter of 2018.

Revenue in the BONITA segment was at €49.9 million in the second quarter of 2019, compared to €69.6 million in the previous year's quarter. Gross profit amounted to €33.8 million, compared to €50.4 million in the second quarter of 2018. This represents a gross profit margin of 67.7 percent, compared to 72.4 percent in the previous year's quarter. With the application of IFRS 16, reported EBITDA was at €9.7 million (without application of IFRS 16: -€1.9 million) in the second quarter of 2019, compared to €10.3 million in the previous year's period. Reported EBIT was at -€2.3 million (with application of IFRS 16) or -€3.1 million (without application of IFRS 16), compared to €8.4 million in the second quarter of 2018.

Overall, the TOM TAILOR Group closed the second quarter of 2019 with turnover of €195.1 million, 6.9 percent below the previous year's figure of €209.5 million. This was due to the significant decline in revenue for the BONITA segment. Gross profit for the Group dropped to €116.6 million (Q2 2018: €134.2 million). The gross profit margin thus declined to 59.8 percent from 64.1 percent in the previous year. With the application of IFRS 16, reported EBITDA was at €25.3 million (without application of IFRS 16: €2.9 million), compared to €22.7 million in the previous year's quarter. Reported EBIT was at -€2.8 million (with application of IFRS 16) or -€4.6 million (without application of IFRS 16), compared to €13.2 million in the second quarter of 2018.

Further information can be found at http://ir.tom-tailor-group.com in the Half Year Report 2019.

 

KEY FIGURES TOM TAILOR GROUP Q2 2019

in € million Q2 2019 with
IFRS 16 Q2 2019 w/o
IFRS 16 Q2 2018 Changes in % with IFRS 16 Changes in % w/o IFRS 16             TOM TAILOR Brand           Revenues 145.1 145.1 139.9 3.7% 3.7% Gross Profit 82.8 82.8 83.8 -1.3% -1.3% Gross Profit Margin in % 57.0 57.0 59.9     Reported EBITDA 15.6 4.8 12.4 25.7% -61.5% Reported EBITDA Margin in % 10.7 3.3 8.9                 TOM TAILOR Wholesale           Revenues 72.0 72.0 70.3 2.5% 2.5% Gross Profit 36.9 36.9 38.4 -4.1% -4.1% Gross Profit Margin in % 51.2 51.2 54.7     Reported EBITDA 2.1 1.0 6.7 -68.4% -84.5% Reported EBITDA Margin in % 2.9 1.4 9.5                 TOM TAILOR Retail           Revenues 73.1 73.1 69.6 5.0% 5.0% Gross Profit 45.9 45.9 45.4 1.1% 1.1% Gross Profit Margin in % 62.8 62.8 65.2     Reported EBITDA 13.5 3.7 5.7 >100% -34.5% Reported EBITDA Margin in % 18.4 5.1 8.2                 BONITA           Revenues 49.9 49.9 69.6 -28.3% -28.3% Gross Profit 33.8 33.8 50.4 -32.9% -32.9% Gross Profit Margin in % 67.7 67.7 72.4     Reported EBITDA 9.7 -1.9 10.3 -5.5% >-100% Reported EBITDA Margin in % 19.4 -3.8 14.7                 TOM TAILOR Group           Revenues 195.1 195.1 209.5 -6.9% -6.9% Gross Profit 116.6 116.6 134.2 -13.1% -13.1% Gross Profit Margin in % 59.8 59.8 64.1     Reported EBITDA 25.3 2.9 22.7 11.6% -87.3% Reported EBITDA Margin in % 13.0 1.5 10.8    
General remark: Due to the disclosure of rounded figures, individual totals may differ from the total of their individual items.  

KEY FIGURES TOM TAILOR GROUP H1 2019

in € million H1 2019 with
IFRS 16 H1 2019 w/o
IFRS 16 H1 2018 Change in % with IFRS 16 Change in % w/o IFRS 16                   TOM TAILOR Brand             Revenues 283.1 283.1 277.8 1.9% 1.9%   Gross Profit 159.6 159.6 159.1 0.3% 0.3%   Gross Profit Margin in % 56.4 56.4 57.3       Reported EBITDA 29.7 8.1 24.1 23.4% -66.3%   Reported EBITDA Margin in % 10.5 2.9 8.7                     TOM TAILOR Wholesale             Revenues 150.9 150.9 151.1 -0.1% -0.1%   Gross Profit 80.4 80.4 81.2 -1.0% -1.0%   Gross Profit Margin in % 53.3 53.3 53.8       Reported EBITDA 12.0 9.8 22.8 -47.3% -56.8%   Reported EBITDA Margin in % 8.0 6.5 15.1                     TOM TAILOR Retail             Revenues 132.2 132.2 126.8 4.3% 4.3%   Gross Profit 79.1 79.1 77.9 1.6% 1.6%   Gross Profit Margin in % 59.9 59.9 61.4       Reported EBITDA 17.7 -1.7 1.3 >100% >-100%   Reported EBITDA Margin in % 13.4 -1.3 1.1                     BONITA             Revenues 90.5 90.5 121.4 -25.4% -25.4%   Gross Profit 58.7 58.7 83.8 -30.0% -30.0%   Gross Profit Margin in % 64.8 64.8 69.0       Reported EBITDA 8.6 -14.7 2.7 >100% >-100%   Reported EBITDA Margin in % 9.5 -16.3 2.2                     TOM TAILOR Group             Revenues 373.6 373.6 399.3 -6.4% -6.4%   Gross Profit 218.3 218.3 242.9 -10.2% -10.2%   Gross Profit Margin in % 58.4 58.4 60.8       Reported EBITDA 38.3 -6.6 26.8 43.1% >-100%   Reported EBITDA Margin in % 10.3 -1.8 6.7      

General remark: Due to the disclosure of rounded figures, individual totals may differ from the total of their individual items.

About TOM TAILOR Group
TOM TAILOR Group is an international, vertically integrated fashion company focused on casual wear in the medium price segment. The product portfolio is complemented by an extensive range of fashionable accessories. With its brands, 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 185 franchise stores, 2,541 shop-in-shops and 7,393 multi-label points of sale as at 30 June 2019. The brand is present in more than 32 countries. The BONITA brand has 727 retail stores and 80 shop-in-shop spaces as at 30 June 2019. The collections of both brands are also available through their respective online shops.

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

Investor Contact
Viona Brandt
Head of Investor Relations
TOM TAILOR Group
Telefon: +49 (0) 40 58956-449
E-Mail: viona.brandt@tom-tailor.com

Media Contact
Erika Kirsten
Senior Manager Unternehmenskommunikation
TOM TAILOR Group
Telefon: +49 (0) 40 58956-816
E-Mail: erika.kirsten@tom-tailor.com