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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news
29
Tendam posts positive EBITDA and EBT in Q2 2020/21
Pre-IFRS16 adjusted EBITDA totalled €31 million and EBT stood at €8.7 million. The company generated €74.6 million in free cash flow, improving its liquidity position over August 2019. Tendam’s flexibility and operational capacity allowed it to drive down stock levels by €30.7 million or 18.4% year-on-year. Online sales rose 40.5% between June and August and […]
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news
29
Tendam’s online sales grow by 54% in the first quarter of financial year 2020/21 and positively offset drop in total revenues
In the first quarter of the financial year – which coincided with the Covid-19 lockdown period of March, April and May – online sales grew by 54% to represent 44% of total sales in Spain. Total revenues were down by 76.2% versus the first quarter of financial year 2019/20. Physical stores were closed throughout practically […]
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news
25
Tendam’s total sales grew by 3.2% to 1.19 billion euros and adjusted EBITDA stood at 162 million euros in financial year 2019/20
Tendam’s revenues were buoyed by impressive fourth quarter growth (+6.4%) and consistent quarter-on-quarter improvement over the course of the year. All group brands reported growth in like-for-like sales. Online sales increased by 28% to represent almost 10% of total sales in Spain in 2019. Tendam expects to triple its digital business over the next three […]
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news
11
Banks back Tendam’s plan with €132.5 million
Financing has been provided by Banco Santander, the Official Credit Institute (ICO), BBVA, CaixaBank, Société Générale, Bankia, Banco Sabadell and Crédit Agricole, and will help to protect the liquidity of the Group and provide a larger safety net for the management of the business within the context of Covid-19. In February Tendam closed its financial […]
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news
13
TENDAM TO CLOSE TEMPORARILY ALL OF ITS STORES IN SPAIN
Tendam is announcing, motivated by prudence and social responsibility, the closure of its brands’ stores in Spain as of tomorrow, Saturday, 14 March (inclusive). The online stores of the Cortefiel, Pedro del Hierro, Springfield, Women’secret and Fifty brands will remain fully operational. Tendam will follow in any case the instructions and recommendations issued by the […]
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news
Tendam to close the stores of its brands in the Community of Madrid, the Basque Country and La Rioja
Cortefiel, Pedro del Hierro, Springfield, Women’secret and Fifty will increase their online capabilities and offer customers free delivery and extended return periods. Tendam, one of Europe’s leading fashion retailers operating in the specialised chain store segment through the Cortefiel, Pedro del Hierro, Springfield, Women’secret and Fifty brands, has announced the closure of its brands’ stores in […]
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news
28
TENDAM’s sales grew by 3.6%, its like-for-like sales by 2.5%, and the Group’s EBITDA rose by 6.6% in the third quarter of 2019/20
Accumulated earnings for the first nine months of the year stood at €815.8 million, up 1.8% on the back of the positive sales performance Online sales grew by 28% between March and November to account for 9.2% of total sales in Spain The company’s gross margin reaches 67% in the third quarter up by 0.1 […]
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