Tom Tailor Holding AG reported consolidated earnings results for the first quarter of 2017. For the quarter, the company reported sales were EUR 218.9 million against EUR 218.9 million a year ago. Reported EBITDA was EUR 8.7 million against EUR 6.3 million a year ago. LBIT was EUR 1.6 million compared to EUR 5.9 million a year ago. Net loss for the period was EUR 6.5 million compared to EUR 8.8 million a year ago. Net debt was EUR 202.8 million compared to EUR 246.4 million a year ago. Cash flow used in operating activities was EUR 3.7 million compared to EUR 20.0 million a year ago. Free cash flow rises by EUR 17.5 million compared to negative of EUR 7.8 million.

For the year 2017, the company expects to report group sales to be slight decrease compared to previous year due to Kids license model and RESET projects, reported EBITDA to be strong increase compared to previous year and reported EBITDA margin to strong increase compared to previous year.

For 2018, the company expects to improve reported EBITDA by EUR 30 million to EUR 40 million. The company expects sales to slight decrease compared to previous year due to Kids license model and RESET projects; gross profit margin to moderate increase compared to previous year; reported EBITDA to increase strongly compared to previous year; and reported EBITDA margin to increase strongly compared to previous year.