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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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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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news
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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
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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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news
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
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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
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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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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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