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TENDAM posts growth in sales and margins during Q2 of its 2019/20 financial year

TENDAM posts growth in sales and margins during Q2 of its 2019/20 financial year The strong performance of sales and margins in the second quarter translated into positive accumulated earnings in the first half of its financial year of €559.9 million, up 0.9% YoY. Q2 sales increased by 2.3% to €340.6 million, whilst EBITDA rose […]

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Tendam continues to improve its margins in Q1

The Group capitalises on the combination of a streamlined store network, a strong CRM area and the high profitability of its digital operation The company takes strategic steps towards becoming the leading data-driven retailer in the market, with high customer engagement levels, premium operational quality and unique analytical and CRM capabilities. The Tendam brands’ loyalty […]

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Moody’s upgrades Tendam Brands’ rating to “B1”, with a stable outlook

Ratings agency Moody’s has upgraded the corporate family rating (CFR) of Tendam Brands – one of Europe’s leading fashion retailers operating in the specialised chain segment– to B1 from B2 and its probability of default rating (PDR) to B1-PD from B2-PD, with a stable outlook. According to Moody’s, the rating upgrade reflects the strengthening of […]

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Results of Tendam Brands for the 2018/19 financial year

Tendam Brands has posted earnings before taxes of €80.8 million, versus €21.3 million in 2017/18. Total sales, expressed at a fixed exchange rate, reached €1,155.9 million (€1,150.8 million at the current exchange rate), versus €1,154.7 million in the previous financial year. Online sales grew by 29.4% to represent 7.9% of total sales in Spain. Gross […]

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The Board of Directors appoints Jaume Miquel as new Executive Chairman of Tendam

Jaume Miquel’s new responsibilities will be in addition to his current role as CEO, a post he has held since 2016. The Board of Directors of Tendam Brands, the parent company of Tendam, one of Europe’s leading fashion retailers operating in the specialised chain segment through the Cortefiel, Pedro del Hierro, Springfield, Women’secret and Fifty […]

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S&P Global upgrades Tendam Brands to ‘B+’ with a stable outlook

Ratings agency S&P Global has upgraded to ‘B+’ with a stable outlook the rating of Tendam Brands, one of Europe’s leading fashion retailers operating in the specialised chain segment through the Cortefiel, Pedro del Hierro, Springfield, Women’secret and Fifty brands. S&P Global bases its recommendation on the fact that Tendam demonstrated positive progression of its […]

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Tendam posts profits in excess of €43 million for the first nine months of its 2018/2019 financial year

The company has posted a pre-tax profit of €43.4 million, versus losses of €13 million for the same period last year. Total sales reached €801.7 million during the period, of which €247.3 million was registered during the third quarter (+2.1% LFL). Online sales grew by 26.7% to represent 7.8% of total sales in the Iberian […]

Tendam posts profit growth to €39 million for the first half of its 2018/2019 financial year

The company has posted pre-tax profit of €38.9 million, versus losses of €272,200 for the same period last year. Total sales reached €554.4 million. Online sales grew by 27% to represent 7% of total sales in the Iberian region. The gross margin now stands at 62% and has remained steady above the 60% threshold. Tendam […]

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Tendam appoints Mar Oña as Director of Legal Services and Secretary of the Board of Directors

As the new Director of Legal Services, Oña will also sit on the Management Committee and report directly to the CEO. She will also take up the role of non-member Secretary of the Board. Mar Oña has 15 years’ experience in senior management roles in different firms within the legal sector. Her previous employers include […]

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Tendam: Q1 2018/19 results

Gross margin and operating costs continue to improve in the period March-May 2018. As of May 2018, stocks are down 3.5% year-on-year. E-commerce is up 21.5%. The store network registered a net variation of +15 new points of sale in the quarter. Adjusted EBITDA for the last 12 months amounts to €165.6 million versus €141.1 […]