Tom Tailor Holding AG reported earnings results for the third quarter and nine months of 2017. For the quarter, the company reported sales of €239.9 million against €243.7 million a year ago. EBITDA was €22.1 million against €12.8 million a year ago. EBIT was €14.4 million against €1.5 million a year ago. Net results for the period were €7.4 million or $0.17 per share against net result for the period negative of €3.4 million or $2.21 per share a year ago.

For the nine months, the company reported sales of €686.2 million against €695.1 million a year ago. EBITDA was €52.8 million against €31.7 million a year ago. EBIT was €26.1 million against LBIT of €4.0 million a year ago. Net results for the period were €7.5 million or $0.14 per share against net result for the period negative of €14.1 million or $2.68 per share a year ago. Net debt as at €125.3 million. Operating cash flow increased to EUR 28.9 million against EUR 0.1 million a year ago.

For the year 2017, the company again confirms its forecast as adjusted in the first quarter as a result and assumes there will be a sharp year-on-year increase in reported EBITDA compared with the prior year. Because of the discontinuation of products, countries and branches under the RESET programme as well as the licensing of the Kids devision, the management still expect a lower group turnover for the benefit of operating profitability.