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Tom Tailor Holding swings to loss in Q2

Tom Tailor Holding SE said its second-quarter normalized net income came to a loss of 1 euro cents per share, compared with 4 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of €314,630, compared with income of €993,130 in the year-earlier period.

The normalized profit margin declined to negative 0.4% from 0.4% in the year-earlier period.

Total revenue rose year over year to €225.7 million from €221.1 million, and total operating expenses rose on an annual basis to €221.6 million from €214.8 million.

Reported net income totaled a loss of €2.2 million, or a loss of 9 cents per share, compared to income of €591,000, or 2 cents per share, in the year-earlier period.