The textile discounter Takko Fashion was able to increase its sales in the 2021/2022 financial year despite lockdowns during the pandemic.
Despite business closures, Takko Holding GmbH improved its net sales by 11 percent to 1.05 billion euros in the past financial year, the Telgte-based company announced on Tuesday. Takko thus almost reached the level of earnings before the outbreak of the pandemic.
The sales recovery was already apparent in the previous quarters, but in the end the full-year result was slightly below the sales of 1.09 billion euros in 2019.
“The tense consumer mood and the rising price level pose challenges for the entire industry,” said Takko Managing Director Tjeerd Jegen in the press release. He also emphasized that Takko does not want to abandon its “very good value for money”.
Liquidity was 167 million euros at the end of January and has thus improved since March last year. At that time, Takko received a bridging loan of 54 million euros from investors, several banks and its owner Apax Partners, a London-based investment company.