news
27
Tendam locks in its recovery, increases profitability and exceeds pre-pandemic levels in Q3 2021
Tendam’s sales exceeded pre-pandemic levels, growing by 31.3% to €258.8 million in the third quarter of its 2021-22 fiscal year. Adjusted EBITDA for the quarter stood at €63.5m, up 78.3% versus the same period of 2020 and up 2.2% against 2019’s figures. Tendam posted €11.2m in earnings before taxes (EBT) during the reporting period, up […]
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news
26
Tendam is upgraded to A- by the Carbon Disclosure Project (CDP) for its progress on climate change
This new upgrade reflects the company’s strategy in its ongoing efforts to reduce its CO2 emissions and minimise its climate impact. Tendam, one of Europe’s leading groups in the specialised fashion sector, which includes the commercial brands Women’secret, Springfield, Cortefiel, Pedro del Hierro, Hoss Intropia, Slowlove, High Spirits and Fifty, has been recognised by the […]
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news
20
Tendam improves its ESG rating and achieves EcoVadis Gold rating for sustainable performance
Following last year’s Silver medal, the Spanish textile company has now achieved a rating that places it among the top 4% of companies evaluated by the rating agency for Environmental, Social and Governance (ESG). The Gold medal is the result of the progress and initiatives implemented in the last year in which Tendam has validated […]
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news
28
Tendam beats expectations in the first half of 2021 growing sales by 65% and recovering pre-pandemic levels a year early
The company’s first half results reflect outstanding profit growth. Adjusted EBITDA for the first half stands at €131.5m, hitting 95% of the figure for 2019 and climbing €80.1m versus H1 2020, after rising for the fifth consecutive month. With sales of €515m in the first half of the 2021/22 financial year, up 64.9% versus H1 […]
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news
29
Tendam quadruples its sales in the first quarter of its 2021/22 financial year
In the first quarter of the 2021/22 financial year, the company posted sales of 197.9 million euros, up 280% versus Q1 2020 and recovering to 90.4% of 2019 sales. Like-for-like sales were up by 32.6%. Digital sales continued to enjoy robust growth, climbing by 40% versus 2020 and standing at +90.7% versus 2019. The first […]
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news
24
Tendam posted a 34.5% drop in sales in 2020, with record levels of cash and positive adjusted EBITDA of €145.8 million. A strong Q1 recovery is underway
Tendam posted sales of €777.2 million and adjusted EBITDA of €145.8 million in a financial year that was overshadowed by the pandemic. Total online sales climbed 58.9%, accounting for 20.5% of all sales in Spain. Tendam achieved its core goals outlined at the onset of the public health crisis: to protect its people and business, […]
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news
26
Tendam expands portfolio with three new own brands
Tendam complements its lines for young women with the new brands High Spirits and Slowlove, following the recent re-launch of Hoss Intropia, which was acquired in November 2019. More than 50% of the three brands’ products will be sustainable and 60% of their distribution will be online. Tendam, one of Europe’s leading omni-channel fashion […]
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News
28
Tendam posts positive adjusted EBITDA for second quarter running
Adjusted EBITDA for the third quarter of the financial year 2020/21 stood at €35.6m (€3.5m pre-IFRS 16). The 16.7% drop in like-for-like sales and 23.1% drop in total sales clearly reflected the restrictions implemented to tackle the second wave of Covid-19, particularly in November. Online sales were up 79% year-on-year, accounting for 20% of sales […]
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NEWS
20
Tendam receives Silver Medal in CSR from EcoVadis
This silver rating positions the fashion company among the top 25% of companies assessed by the sustainability rating agency Tendam is recognized for its efforts in 4 aspects of ESG criteria: Environment, labour practices and human rights, ethics and sustainable procurement Tendam, one of Europe’s leading fashion retailers operating in the specialised chain segment, which […]
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news
15
CDP recognises Tendam’s efforts in the fight against climate change
The Madrid-based fashion brand, which took part in the ranking for the first time ever, was awarded a B CDP (formerly the Carbon Disclosure Project) is a globally recognised leader in carbon footprint data processing Tendam, one of Europe’s leading fashion retailers operating in the specialized chain segment, which encompasses the Cortefiel, Pedro de Hierro, […]
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