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Tom Tailor Holding Q1 loss widens YOY

Tom Tailor Holding SE said its first-quarter normalized net income came to a loss of 20 euro cents per share, compared with a loss of 23 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 €5.3 million, compared with a loss of €5.1 million in the year-earlier period.

The normalized profit margin dropped to negative 2.6% from negative 2.4% in the year-earlier period.

Total revenue grew on an annual basis to €217.6 million from €208.7 million, and total operating expenses climbed on an annual basis to €221.7 million from €211.9 million.

Reported net income came to a loss of €7.8 million, or a loss of 30 cents per share, compared to a loss of €7.6 million, or a loss of 34 cents per share, in the year-earlier period.