The Telgter textile discounter Takko Fashion closed the third quarter of the 2024/25 financial year with a solid increase in sales. The company was also able to significantly increase its operating profit. This emerges from an interim statement published on Thursday.
In the period from August to October, net sales reached 354 million euros. This corresponded to growth of 5.2 percent compared to the same quarter of the previous year. Like-for-like sales rose by 5.4 percent. The retailer explained that “the overall growth was strongly driven by the existing branches”. With the current figures, Takko was able to “build on the successful sales development from the first half of the year”.
CEO Martino Pessina was satisfied with the development. “We are very pleased to be ending another quarter exceptionally strong,” he said in a statement. “We were also able to exceed the sales development of the German fashion market every month in the third quarter.”
The operating result grows by a quarter
The company also made progress in terms of profitability. Earnings before interest, taxes, depreciation and amortization (EBITDA) adjusted for special effects amounted to 52 million euros in the third quarter, exceeding the corresponding previous year’s level by 25 percent.
“Thanks to our attractive range, we were able to improve our markdown rate and at the same time reduce our cost ratio through a consistent focus on operational excellence. As a result, our adjusted EBITDA margin increased by three percentage points to 15 percent compared to the previous year,” explained Chief Financial Officer (CFO) Stefan Macheleidt. “The fact that our overall growth results almost exclusively from like-for-like branches and the development of our targeted new openings is well above expectations confirms our profitable growth strategy and our successful business model.”