Tom Tailor witnesses upsurge in FY17 profitability

The Tom Tailor Group reported EBITDA growth to reach 83.1 million euros (102.5 million dollars) compared to 10.3 million euros (12.7 million dollars) in 2016 and EBIT increased to 43.9 million euros (54.1 million dollars). The company said, separation from low-margin product lines, stores and markets, an increased efficiency in the supply chain and smaller collections ensured that the profitability could be improved by lower costs of acquisition and amortization management among other things. Tom Tailor added that though the group revenue decreased to 921.8 million euros (1,137.9 million dollars) against 968.5 million euros (1,195.6 million dollars) last year, the positive earnings situation offers further scope to push the company's sustainable growth.