Tom Tailor Group's sales drop but EBITDA improves 66.6 percent

The Tom Tailor Group has said that due to the consistent implementation of measures to optimise costs and processes under its ‘RESET’ programme, EBITDA rose in the nine-month period by 66.6 percent to 52.8 million euros (61 million dollars) and group EBIT improved from negative 4 million euros (4.6 million dollars) to 26.1 million euros (30 million dollars). The gross profit margin improved 0.8 percentage points to 56.7 percent against 55.9 percent in the prior year period. Group sales, the company added, however declined 1.3 percent to 686.2 million euros (796 million dollars) due to the discontinuation of products, countries and stores.