The Telg-based textile discounter Takko Fashion increased its sales in the third quarter of the current financial year 2021/22 compared to the pre-crisis level. At 322 million euros, sales in the months of August to October were 3.5 percent above the comparable value for 2019, the company said on Wednesday.
“The third quarter of fiscal year 2021/2022 was marked by disruptions in global supply chains. Thanks to our long-term and trusting supplier relationships, we were able to cope with these pandemic-related effects on procurement very well, ”said Executive Chairman Karl-Heinz Holland in a press release. “With the sales result from the third quarter, we are above the pre-crisis level in 2019. This confirms the strength of our business model, even in a challenging market environment.”
Thanks to the positive business development, the company was also able to further improve its financial situation: “It is particularly noteworthy that, as a result of the strong sales development, we have been able to increase our cash and cash equivalents by 42.7 percent since last year,” said Chief Financial Officer (CFO) Kurt Rosen . “At the end of October, Takko Fashion’s available liquidity was 242.5 million euros.”
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