Tendam Brands increased its sales by 43.3% during the fiscal year 2021-2022, from March 1, 2021 to February 28, 2022, while increasing its Gross Operating Profit (Ebitda) by 90% to €277.2 million.

In particular, Total income Tendam, which owns the trademarks Cortefiel, Pedro del Hierro, Springfield, Women’secret, Hoss Intropia, High Perfume, Slolove D fiftyamounted to 1,113.4 million euros (+43.3%) during the financial year, growing “consistently” across all channels and brands.

On a comparable surface, the company’s sales rose 22.9% from a year earlier, although they fell 0.3% from 2019, the company said.

In 2021, all channels have increased their income: In addition to a 30.4% increase in digital sales in self-managed physical stores, which grew by 45.9%, and a “strong” recovery franchises.

“2021 has been a very positive year for Tendam, in which we have resolutely and successfully advanced our transformation agenda by creating a differentiated, profitable, high-growth omnichannel retail ecosystem that integrates social and sustainability values ​​into strategy. in an integrated way. We are confident that we will continue to develop the business in 2022, increasing profitability and increasing the weight of digital technologies in terms of 100% omnichannel,” emphasized the President and CEO of Tendam. James Michael.

In addition, net operating income (ebit) reached €122 million during fiscal year 2021, recovering pre-pandemic levels in 2019 when “historically high” levels of €122.6 million were recorded.

At the end of the year, the liquidity position reached 347.7 million euros compared to 279.6 million euros in 2019 and, in addition, 10.5 million euros less than in 2020, even after early cancellation in the fourth quarter of 2021 year total ICO loan in the amount of 132.5 million euros.