TOM TAILOR Holding SE: TOM TAILOR brand grows by 2.2 percent in Q3 in spite of difficult market conditions

DGAP-News: TOM TAILOR Holding SE / Key word(s): Quarterly / Interim Statement/9 Month figures TOM TAILOR Holding SE: TOM TAILOR brand grows by 2.2 percent in Q3 in spite of difficult market conditions 12.12.2019 / 10:04 The issuer is solely responsible for the content of this announcement. QUARTERLY STATEMENT Q3 2019 TOM TAILOR brand grows by 2.2 percent in Q3 in spite of difficult market conditions - Revenue for TOM TAILOR brand rises by 2.2 percent to ?167.2 million - Gross profit margin for TOM TAILOR brand at 53.6 percent - Revenue for Retail segment increases by 6.1 percent to ?69.9 million - BONITA segment reduces decline in revenue and improves reported EBITDA Hamburg, 12 December 2019. Continuing macroeconomic uncertainties impacted the textile industry once again in the third quarter. Nevertheless, the TOM TAILOR brand posted a positive revenue trend in this challenging market environment, rising by 2.2 percent from ?163.6 million to ?167.2 million in the third quarter of 2019. The Retail segment drove growth, recording a revenue increase of ?4.0 million or 6.1 percent compared to the previous year's quarter. Revenue for the Wholesale segment decreased slightly by ?0.4 million to ?97.3 million. Gross profit for the TOM TAILOR brand was at ?89.6 million, compared to ?90.2 million in the third quarter of 2018. This represents a gross profit margin of 53.6 percent (Q3 2018: 55.1 percent). With the first-time application of IFRS 16, reported EBITDA in the third quarter of 2019 was at ?24.9 million, compared to ?19.3 million in the previous year's period (without application of IRFS 16: ?14.2 million). Reported EBIT was at ?8.9 million (with application of IFRS 16) or ?7.9 million (without application of IFRS 16), compared to ?12.7 million in the third quarter of 2018. "We are pleased with the revenue performance of the TOM TAILOR brand in the current year under report. Compared to the previous year, the Retail segment in particular gained momentum and achieved pleasing growth both in the third quarter and after nine months. Nevertheless, we are expecting a slight decline in revenue for the Group in fiscal 2019 compared to the previous year; this is mostly due to the drop in revenue for the BONITA segment," says Christian Werner, CFO of the TOM TAILOR Group. Revenue in the BONITA segment was at ?43.4 million in the third quarter of 2019, compared to ?50.7 million in the previous year's quarter. This means that the decline in revenue was significantly reduced compared to the first and second quarter of 2019. The consistent implementation of the new product range strategy with its clear focus on BONITA's target customers and shorter ordering cycles is beginning to show results. Gross profit amounted to ?28.2 million, compared to ?31.9 million in the third quarter of 2018. This represents a rise in the gross profit margin to 65.0 percent, compared to 63.0 in the previous year's quarter. The improvement in the gross profit margin was due to stocks being more up to date and an improved margin for the new autumn/winter collections. With the first-time application of IFRS 16, reported EBITDA was at ?3.6 million (without application of IFRS 16: -?7.6 million) in the third quarter of 2019, compared to -?9.3 million in the previous year's period. The rise can be attributed mainly to the improved margin and a significant reduction of costs. Reported EBIT was at -?8.4 million (with application of IFRS 16) or -?9.3 million (without application of IFRS 16), compared to -?11.2 million in the third quarter of 2018. Overall, the TOM TAILOR Group closed the third quarter of 2019 with turnover of ?210.6 million, 1.7 percent below the previous year's figure of ?214.3 million. Gross profit for the Group dropped mainly due to the decline in gross profit for the BONITA segment, reaching ?117.8 million (Q3 2018: ?122.2 million). The gross profit margin thus declined to 55.9 percent from 57.0 percent in the previous year. With the first-time application of IFRS 16, reported EBITDA was at ?28.5 million (without application of IFRS 16: ?6.6 million), compared to ?10.0 million in the previous year's quarter. Reported EBIT was at ?0.5 million (with application of IFRS 16) or -?1.3 million (without application of IFRS 16), compared to ?1.5 million in the third quarter of 2018. "The measures taken to strengthen the TOM TAILOR brand are paying off in a persistently challenging market einvironment, confirming our decision to continue investing in the quality of our products and the desirability of our lines in future," says Gernot Lenz, CEO of the TOM TAILOR Group.   KEY FIGURES TOM TAILOR GROUP Q3 2019 in ? million Q3 2019 with IFRS 16 Q3 2019 w/o IFRS 16 Q3 2018 Change in % with IFRS 16 Change in % w/o IFRS 16             TOM TAILOR Brand           Revenues 167.2 167.2 163.6 2.2% 2.2% Gross Profit 89.6 89.6 90.2 -0.7% -0.7% Gross Profit Margin in % 53.6 53.6 55.1     Reported EBITDA 24.9 14.2 19.3 29.1% -26.4% Reported EBITDA Margin in % 14.9 8.5 11.8                 TOM TAILOR Wholesale           Revenues 97.3 97.3 97.7 -0.4% -0.4% Gross Profit 50.9 50.9 51.9 -2.0% -2.0% Gross Profit Margin in % 52.3 52.3 53.2     Reported EBITDA 16.6 15.6 19.2 -13.1% -18.8% Reported EBITDA Margin in % 17.1 16.0 19.6                 TOM TAILOR Retail           Revenues 69.9 69.9 65.9 6.1% 6.1% Gross Profit 38.7 38.7 38.3 1.1% 1.1% Gross Profit Margin in % 55.3 55.3 58.1     Reported EBITDA 8.3 -1.4 0.1 >100% >-100% Reported EBITDA Margin in % 11.8 -2.0 0.2                 BONITA           Revenues 43.4 43.4 50.7 -14.4% -14.4% Gross Profit 28.2 28.2 31.9 -11.7% -11.7% Gross Profit Margin in % 65.0 65.0 63.0     Reported EBITDA 3.6 -7.6 -9.3 >100% 18.2% Reported EBITDA Margin in % 8.4 -17.5 -18.3                 TOM TAILOR Group           Revenues 210.6 210.6 214.3 -1.7% -1.7% Gross Profit 117.8 117.8 122.2 -3.6% -3.6% Gross Profit Margin in % 55.9 55.9 57.0     Reported EBITDA 28.5 6.6 10.0 >100% -34.1% Reported EBITDA Margin in % 13.6 3.1 4.7     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 9M 2019 in ? million 9M 2019 with IFRS 16 9M 2019 w/o IFRS 16 9M 2018 Change in % with IFRS 16 Change in % w/o IFRS 16             TOM TAILOR Brand           Revenues 450.3 450.3 441.4 2.0% 2.0% Gross Profit 249.2 249.2 249.3 -0.1% -0.1% Gross Profit Margin in % 55.3 55.3 56.5     Reported EBITDA 54.7 22.3 43.4 25.9% -48.6% Reported EBITDA Margin in % 12.1 5.0 9.8                 TOM TAILOR Wholesale           Revenues 248.1 248.1 248.7 -0.2% -0.2% Gross Profit 131.3 131.3 133.2 -1.4% -1.4% Gross Profit Margin in % 52.9 52.9 53.5     Reported EBITDA 28.7 25.4 42.0 -31.7% -39.4% Reported EBITDA Margin in % 11.5 10.2 16.9                 TOM TAILOR Retail           Revenues 202.1 202.1 192.7 4.9% 4.9% Gross Profit 117.8 117.8 116.2 1.4% 1.4% Gross Profit Margin in % 58.3 58.3 60.3     Reported EBITDA 26.0 -3.1 1.5 >100% >-100% Reported EBITDA Margin in % 12.9 -1.5 0.8                 BONITA           Revenues 134.0 134.0 172.1 -22.2% -22.2% Gross Profit 86.9 86.9 115.7 -24.9% -24.9% Gross Profit Margin in % 64.9 64.9 67.2     Reported EBITDA 12.2 -22.3 -6.6 >100% >-100% Reported EBITDA Margin in % 9.1 -16.7 -3.8                 TOM TAILOR Group           Revenues 584.3 584.3 613.5 -4.8% -4.8% Gross Profit 336.1 336.1 365.1 -7.9% -7.9% Gross Profit Margin in % 57.5 57.5 59.5     Reported EBITDA 66.9 0.0 36.8 81.8% -100.0% Reported EBITDA Margin in % 11.4 0.0 6.0     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 458 TOM TAILOR stores and 181 franchise stores, 2,573 shop-in-shops and 7,736 multi-label points of sale as at 30 September 2019. The brand is present in more than 32 countries. The BONITA brand has 713 retail stores and 61 shop-in-shop spaces as at 30 September 2019. The collections of both brands are also available through their respective online shops. Information is also available atwww.tom-tailor-group.com Investor Contact Viona Brandt Head of Investor Relations TOM TAILOR Group Telefon: [phone] E-Mail: [e-mail] Media Contact Erika Kirsten Senior Manager Unternehmenskommunikation TOM TAILOR Group Telefon: [phone] E-Mail: [e-mail] 12.12.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language:	English
Company:	TOM TAILOR Holding SE
	Garstedter Weg 14
	22453 Hamburg
	Germany
Phone:	[phone]
Fax:	[phone]
E-mail:	[e-mail]
Internet:	www.tom-tailor-group.com
ISIN:	DE000A0STST2
WKN:	A0STST
Listed:	Regulated Market in Frankfurt (Prime Standard), Hamburg; Regulated Unofficial Market in Berlin, Dusseldorf, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	934135

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934135  12.12.2019