The Telgte-based textile discounter Takko Fashion held its own well under difficult conditions in the second quarter of the 2022/23 financial year: “Despite a continuing challenging macroeconomic environment, Takko Fashion recorded an overall positive business development with solid sales growth, which corresponds to an adjusted EBITDA growth of 3 percent to pre-pandemic levels,” the company said on Wednesday. The recent gains are “primarily driven by higher footfall in stores coupled with an increased sales rate as a result of the very positive response from customers to the spring and summer range,” the retailer said.
According to the company, sales in the second quarter amounted to 344 million euros. He thus exceeded the “pre-pandemic level” – i.e. the comparative value from the 2019/20 financial year – by around twelve percent. Last year, the corresponding proceeds were 335.4 million euros. Earnings before interest, taxes, depreciation and amortization (EBITDA) adjusted for special effects reached EUR 59.1 million in the most recent quarter.
Chief Financial Officer (CFO) Kurt Rosen explained the current results: “While the first quarter was heavily influenced by the war in Ukraine and other macroeconomic factors that led to a noticeable reluctance to buy, our business recovered noticeably in the second quarter,” explained him in a message.
CEO Tjeerd Jegen is also optimistic about the near future: “We are well prepared for the upcoming autumn and winter season and are optimally positioned to serve our customers’ demand in the coming months,” he explained. “In view of the inflation and the challenging market environment, we are confident that we can optimally serve the growing demand for fashionable and affordable clothing from different target groups with our quality fashion at discounter prices.”