Textile group Tendam increased its sales by 43.3% in the fiscal year

Tendam Brands Sales increased by 43.3% in the 2021-2022 fiscal yearFrom March 1, 2021 to February 28, 2022, also increased gross profit by 90% exploitation (Ebitda), up to 277.2 million euros.

especially, Income totalswith signs cortefiel, Iron Peter, springfield, Women’s Secret, Hos Intropia, pleasure, slow love Y fiftyrose 1.113.4 million euros (+43,3) “consistently” grew across all channels and brands throughout the fiscal year.

In a comparable field, most sales The company experienced 22.9 percent growthyes ok 0.3% down compared to 2019as reported by the company.

All channels increased revenue in 2021: Added to the 30.4% increase in digital sales, up 45.9% in self-managed physical stores, and the “strong” recovery in the franchise business.

“ 2021 has been a very positive year for Tendam. decisively and successfully advancing our transformation agendaTo create a differentiated, profitable omnichannel retail ecosystem with high growth capacity, in which social and sustainability values ​​are integrated into the strategy. We hope to continue accelerating business in 2022 With a 100% omnichannel perspective, increasing the weight of digital while improving profitability,” underlined Jaume Miquel, Tendam’s president and CEO.

Same way, Net operating profit (EBIT) Reached 122 million euros in fiscal year 2021, recovery of pre-levelscovid 2019when “historically high” levels were recorded, it amounted to 122.6m euros.

At the end of the fiscal year, Liquidity position reached €347.7 million compared to €279.6 million in 2019 plus, 10.5 million euros less than 2020Even after the early cancellation of the entire ICO loan of 132.5 million euros in the fourth quarter of 2021.

Source: Informacion

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