The clothing provider Tom Tailor can continue the increase in profitability last year.
The yield before interest, taxes and depreciation (EBITDA) rose by 13.8 percent in 2024 compared to the previous year, the Hamburg -based company announced on Wednesday. This was possible due to an optimized cost structure and higher gross yield margin. The company did not name a number for the EBITDA.
“In a demanding economic environment, the positive development of our operational results and profitability is a clear evidence of the effectiveness of our measures,” explains Managing Director Gernot Lenz.
Tom Tailor’s turnover drops 2024
Sales fell to 588 million euros in the past financial year by 3.9 percent compared to the previous year. At 52 percent, the Wholesaleschein continues to make up the largest share of the total proceeds, but recorded a decline of 6.1 percent. The reason is a challenging market environment in the core markets.
The Direct Consumer area was able to achieve sales pari compared to 2023 thanks to good business in South and Eastern Europe in South and Eastern Europe. Consistent, the proceeds grew by 3.4 percent.
Improved margin
The gross profit margin grew from 52 to 56 percent. Tom Tailor explains the slight increase despite the decline in sales through improved shopping control, stricter cost management and fewer copies in the direct business with consumer: inside.
According to the fashion company, the positive trend in the operational result continues in the current year. So far, Tom Tailor 2025 has also recorded clear growth in sales. However, the clothing provider did not announce the exact figures.