Sumary of Tendam: sales increase 43.3% to 1113.4 million euros in 2021:
In addition, the new brands launched in 2021 (Hoss Intropia, SlowLove and High Spirits) and the multi-brand omnichannel platform, which already operates with more than 100 brands, recorded positive operating gross profit in their first year.
Interior of the Hoss intropia store in Seville – Tendam In addition, recurring Ebitda totaled 277.2 million euros, a figure that almost doubles the 145.8 million euros achieved in 2020.
In 2019, there were record amounts of 122.6 million euros.
However, Tendam highlighted the continued positive performance of Womenecret and the progress of Cortefiel and Pedro del Hierro.
Exterior of a Hoss Intropia store – Tendam On a comparable surface, sales grew 22.9%, which represents 0.3% less than before the pandemic.
On the other hand, income before interest and taxes from Tendam stood at 122 million euros, recovering pre-pandemic levels.
The Womenecret, Springfield, Cortefiel, Pedro del Hierro, Hoss Intropia, SlowLove, High Spirits, Dash and Stars and Fifty brands highlighted the 45.9% increase in sales in physical stores under their own management, as well as the strong recovery in franchising business.
