Tom Tailor Group announced earnings results for the quarter and year ended December 31, 2017. For the quarter company reported, sales were EUR 235.6 million against EUR 273.5 million for the same period a year ago. EBITDA was EUR 30.3 million against EUR 27.6 million for the same period a year ago. EBIT was EUR 17.8 million against EUR 4.1 million for the same period a year ago. Net income was EUR 9.5 million against net loss EUR 6.3 million for the same period a year ago. Cash flow from operating activities was EUR 54.5 million against EUR 50.2 million for the same period a year ago.

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.