Tom Tailor: successful year 2012
20 Mar. 2013
Tom Tailor Wealthy After Bonita TakeoverThe Tom Tailor Group looks back on a successful Fiscal Year for 2012. This is what Axel Rebien, Chief Financial Officer and Dieter Holzer, Chairman of the Management Board (CEO) explained at the press conference on 19th of March in Frankfurt am Main.
After the acquisition of Bonita in June 2012, the Groups sales have climbed 53% from 411.6 million in 2011, to 629.7 million Euros. Despite the takeover of Bonita, the cash flow in 2012 only climbed by 0.1 to 20.5. The only decline reported is the net result for the period, from 10.1 in 2011, to 3.1 in 2012. The company also continued its growth with its online business, where sales climbed 43% to 35.3 million Euros, compared to 24.7 million Euros the previous year. E-Commerce accounts for a 7.7% share of sales. In the future the group expects E-Commerce sales to reach 10%.
“2012 was a notable year for TOM TAILOR in two respects: We celebrated our 50th
Anniversary, and began a new chapter in our Company’s history with the takeover of
BONITA,” said Dieter Holzer, Chairman of the Management Board (CEO) of TOM TAILOR Holding AG. “With two strong, complementary brands, today we meet our customers demands, between the ages of 0 and 60, and have laid the foundation for accelerated profitable growth.”
From September the time needed for production of the Bonita collection will be significantly reduced. Previously it took 40 to 44 weeks to produce Bonita collections. With the new design and development processes it will take from 24 to 28 weeks. The time saving makes it possible to react faster to trends. In future the time required for production may be reduced further still. Another aim is to open 100 new stores every year: 60 Tom Tailor stores and 40 Bonita stores. Casual and denim are said to be most capable of development.
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