Tom Tailor Group Announces Earnings Results for the Quarter and Year Ended December 31, 2017; Provides Earnings Guidance for 2018
For the year company reported, sales were EUR 921.8 million against EUR 968.5 million for the same period a year ago. EBITDA was EUR 83.1 million against EUR 10.3 million for the same period a year ago. EBIT was EUR 43.9 million against LBIT of EUR 72.9 million for the same period a year ago. Net income was EUR 17.1 million against net loss of EUR 73.0 million for the same period a year ago. Earnings per share were EUR 0.37 against loss of EUR 2.95 for the same period a year ago. Cash flow from operating activities was EUR 83.4 million against EUR 50.3 million for the same period a year ago. Net debt as at 2017 was EUR 113.3 million against net debt as at 2016 was EUR 194.7 million for the same period a year ago.
In the financial year 2018, the Tom Tailor Group aims to partly compensate the RESET-measures expected slight falls in turnover by profitable growth in the key markets and individual growth markets like Russia and South-East Europe. Therefore, a moderate increase of the EBITDA margin compared to the previous year is forecasted, whereby an upgrade of the digital infrastructure and analytics capabilities will support this development.