Revenue ahead of Pre-COVID Level: Takko Fashion announces Results for the third Quarter 2021

In the third quarter of the 2021/2022 financial year, the international fashion retailer Takko Fashion continued its successful revenues development from the summer months. In total, the company based in Telgte generated revenues of 322 million euros in the period from August to October. This is an increase of 3.5 percent compared to the same quarterly period in 2019, which is the last business year that allows a comparison without pandemic-related effects.

Karl-Heinz Holland, Executive Chairman of Takko Fashion, explains: “The third quarter of the 2021/2022 financial year was characterized by disruptions in the global supply chains. Thanks to our long-standing and sustainable supplier relationships, we were able to manage these pandemic-related impacts in procurement very well. Our third quarter sales performance is ahead of pre-COVID levels in 2019, confirming the strength of our business model, even in a challenging market environment.”

"It is particularly remarkable that we were able to increase our available cash by 42.7 compared to the same period last year, resulting in 242.5 million euros of free available liquidity at the end of October 2021“, emphasises Kurt Rosen, Chief Financial Officer Takko Fashion.

About Takko Fashion

Takko Fashion owns and operates almost 2,000 stores in 17 countries across Europe. In online as well as offline sales, the company offers quality fashion collections at an attractive price. As a member of the Fair Wear Foundation, the Partnership for Sustainable Textiles, and as a partner of the Better Cotton Initiative, Takko Fashion is committed to sustainable and responsible production conditions as well as more sustainable cotton production.