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Takko Vogue He's had a robust six months. The German textile low cost retailer is now betting on future growth, additionally into new European markets.
Elevated income and refinancing
In the course of the interval between February and July, Takko Vogue achieved document gross sales of 635 million euros, though this solely represented a modest development of two%. Nonetheless, the model barely opened new shops, so nearly all the development was comparable. Moreover, adjusted EBITDA rose 59% to €97 million, offering a revenue margin of 15%.
Takko additionally not too long ago accomplished a refinancing. The brand new agreements embrace a five-year extension of credit score traces – which usually expired in 2025 and 2026 – and the issuance of a €350 million bond. CEO Martino Pessina considers the profitable refinancing a affirmation of the market's confidence within the firm's development technique.
Deal with growth
Now that the German clothes discounter has extra monetary safety and clout due to the refinancing, new CEO Martino Pessina is specializing in additional growth. Though the main focus is on the German home market, the corporate additionally sees alternatives to broaden into new markets in Europe.
In 2023, a big a part of the shares have been transferred to lenders in alternate for a debt restructuring. At the moment, the corporate already deliberate to advertise European growth. The discounter has round 2,000 shops in 17 European nations. Within the 2023/24 fiscal 12 months, the chain had a turnover of 1,270 million euros.
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Takko Vogue has had a strong six months. The German textile low cost retailer is now betting on future growth, additionally into new European markets.