Tom Tailor Holding SE reported group earnings results for the second quarter and six months ended June 30, 2017. For the quarter, the company reported sales of €227.4 million against €232.4 million a year ago. EBITDA was €21.9 million against €12.5 million a year ago. EBIT was €13.4 million against €0.4 million a year ago. Net result was €6.6 million or €0.17 per share against net loss of €1.9 million or €0.10 per share a year ago. Cash flow from operating activities was €25.9 million against €14.0 million a year ago.

For the six months, the company reported sales of €446.3 million against €451.3 million a year ago. EBITDA was €30.7 million against €18.9 million a year ago. EBIT was €11.8 million against LBIT of €5.5 million a year ago. Net result was €0.1 million or €0.04 per share against net loss of €10.7 million or €0.47 per share a year ago. Cash flow from operating activities was €22.2 million against cash flow used in operating activities of €6.0 million a year ago. The positive trend reflected above all the decline in net working capital, primarily owing to the strong push to reduce inventory, which decreased by €67.0 million (first half of 2016: €203.3 million) and the €10.8 million increase in net income. Net debt as at 30 June 2017 was down significantly to €124.6 million against €239.0 million a year ago.

For the fiscal year 2017, the company is confirming its forecast, which was adjusted in the first quarter, for the current fiscal year, as the assumptions made at the beginning of the year are still valid, and the market trend and the RESET program are expected to continue as before. Consequently, the management expects a slight decline in Group sales. At the same time, the management board expects to achieve a sharp year-on-year increase in reported EBITDA.