Tom Tailor Holding AG announced preliminary group earnings results for the year ended December 31, 2013. For the year, sales were EUR 907.2 million, recurring EBITDA was EUR 77.2 million, EBITDA was EUR 64.1 million, recurring EBIT was EUR 28.5 million, EBIT was EUR 6.5 million, recurring net result for the period was EUR 1.7 million or EUR 0.14 loss per share and net negative result for the period was EUR 16.2 million or EUR 0.87 loss per share against sales were EUR 629.7 million, recurring EBITDA was EUR 66.5 million, EBITDA was EUR 55.0 million, recurring EBIT was EUR 34.1 million, EBIT was EUR 16.2 million, recurring net result for the period was EUR 18.9 million or EUR 0.81 per share and net result for the period was EUR 3.1 million or EUR 0.01 per share for the same period a year ago. Cash flow from operating activities was EUR 59.7 million against EUR 20.5 million a year ago. Net debt as at December 31, 2013 was EUR 218.5 million against EUR 247.8 million a year ago. This increase in sales was in particular driven by the repeatedly strong growth of the TOM TAILOR brands as well as the first-time full-year consolidation of the BONITA brand. The free cash flow increased by EUR 47.9 million to EUR 20.9 million against a negative free cash flow of EUR 27.0 million in 2012, notably due to the strong development of the operating cash flow.

For the fiscal year 2014, the group aims at sales of more than EUR 950 million and a recurring EBITDA margin of around 10%.

The company furthermore announced changes in its management board. To further strengthen the product, design and brand competence of BONITA and BONITA men, former Chief Product Officer of TOM TAILOR Holding AG, Udo Greiser, was appointed sole Managing Director of BONITA GmbH effective 1 February 2014. He will resign from the management board of TOM TAILOR Holding AG. He will be succeeded by Daniel Peterburs who will become Chief Product Officer and be responsible for product development, sourcing and licencing as of March 1, 2014. Daniel Peterburs has been with the Group since 2008 and until now has been Division Head for the product line TOM TAILOR Denim Male.