news
23
S&P Global and Moody’s both upgrade outlook on Tendam’s rating
The two reports, issued simultaneously, both revise the outlook on Tendam’s rating from stable to positive These upgrades recognise the resilience of Tendam’s results in a volatile environment, its omni-channel strategy and its commitment to reducing debt, among other factors The rating agencies S&P Global and Moody’s have both upgraded the outlook on the rating […]
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news
27
Tendam posts 17.7% increase in EBITDA in the first quarter of its 2023 financial year
In relation to the company’s results for the first quarter of its financial year 2023/2024 Tendam Chairman and CEO Jaume Miquelsaid: “The first quarter of our 2023 financial year was excellent. All brands, formats and channels put in a strong performance and contributed positively to business profitability. The initiatives rolled out under the Tendam 5.0 […]
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news
26
Tendam’s omnichannel ecosystem drives 9% rise in sales in financial year 2022
On the company’s performance over the year, Tendam Chairman and CEO Jaume Miquel said: “In 2022, we gave significant added momentum to the transformation agenda designed in 2020, which has allowed us to position Tendam as a unique, unrivalled omnichannel ecosystem which is profitable and has strong growth potential. Our strategic growth drivers under Tendam […]
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news
26
Tendam grows revenues by 8.6% in the first nine months of 2022 to stand at a record high for the 9M period thanks to its new brands and omnichannel ecosystem
With positive sales across all channels, the company’s results confirm the excellent operational performance of its efficient omni-channel ecosystem. Tendam posted record 9M sales in 2022. Strategic growth initiatives – new brands and multi-brand platform – accounted for 26.4% of Tendam’s net revenue growth During the reporting period, the Group paid down gross debt by […]
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news
12
Decathlon, H&M, IKEA, Inditex, Kiabi, Mango and Tendam create an association for the collective management of textile waste in Spain
Decathlon, H&M, IKEA, Inditex, Kiabi, Mango and Tendam have created the Association for Textile Waste Management, with the aim of managing clothing and footwear waste generated in the Spanish market, through a Collective System of Extended Producer Responsibility (SCRAP). With the constitution of this association, officialised yesterday in Museo del Traje, the associated companies want […]
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news
27
Tendam grows sales by 12.1% in first half of 2022
From March to August 2022, Tendam’s total revenues stood at €577.4 million, up €62.4 million year on year Adjusted EBITDA for the period totalled €139.6 million, climbing 6.2% versus H1 2021 and outperforming pre-pandemic results for the same period At the end of the reporting period the Group had paid down gross debt by 19.3%, […]
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news
06
Tendam Brands reduces gross debt by 19.3% and extends maturity
NOT FOR DISTRIBUTION OR RELEASE IN OR INTO ANY JURISDICTION IN WHICH OFFERS OR SALES OF SECURITIES WOULD BE PROHIBITED BY APPLICABLE LAW Tendam Brands reduces gross debt by 19.3% and extends maturity Early redemption of the full amount of €534.1 million in gross debt maturing in 2024 The company has put up €103.2 million […]
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28
Tendam posts robust 18.6% increase in sales and grows market share in first quarter of 2022
Tendam’s impressive performance has positioned the company comfortably above pre-pandemic levels, with like-for-like sales up +11.3% versus 2019 and digital sales climbing from 8% to 17% of the total in Spain. In the first quarter of financial year 2022, Tendam’s total revenues grew by 18.6% to €234.8 million, outperforming the Q1 2021 figures across all […]
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news
23
Tendam dispara sus ventas un 43,3% y el EBITDA un 90% hasta los 277,2 millones de euros en 2021
Durante el ejercicio 2021 los ingresos totales de Tendam ascendieron a 1.113,4 millones de euros (+43,3%) creciendo de forma consistente en todos los canales y marcas. El digital, que ya representa casi el 19% de las ventas totales en España, creció un +30,4%. El EBITDA recurrente del ejercicio alcanzó los 277,2 millones de euros, casi […]
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Tendam posts 90% increase in EBITDA to €277.2m in 2021 as sales climb by 43.3%
Tendam’s total revenues for the financial year 2021 were up 43.3% to €1,113.4 million, with consistent growth across all channels and brands. The digital channel, which now accounts for almost 19% of total sales in Spain, grew by 30.4%. Adjusted EBITDA for the period stood at €277.2m, almost double the EBITDA posted for FY 2020. […]
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