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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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news
11
Moody’s upgrades Tendam’s rating to B1 with stable outlook
The upgrade reflects Tendam’s good operational performance in 2021 and its substantially stronger credit metrics than initially expected, which have recovered to almost pre-pandemic level Credit rating agency Moody’s has announced it is upgrading Tendam — one of Europe’s leading omni-channel groups in the speciality fashion sector — to a B1 with a stable outlook. […]
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news
05
Tendam temporarily suspends operations in Russia
Tendam, one of Europe’s leading omnichannel fashion retailers, has announced today that it is temporarily suspending its operations in Russia. The company closed its Ukraine franchises last week. The company has close to 400 employees in Russian. The decision to temporarily suspend operations will be implemented providing the greatest protection for all employees and partners. […]
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news
01
S&P Global upgrades Tendam’s rating to B+ with stable outlook
Tendam’s rating is upgraded on the back of its robust recovery and deleveraging. Credit rating agency S&P has announced it is upgrading Tendam — one of Europe’s leading omni-channel groups in the speciality fashion sector — to a B+ with a stable outlook. According to the S&P press release, Tendam’s results for the first nine months of its […]
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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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