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TM Lewin EBITDA climbs

Shirt specialist TM Lewin reported a sales increase of 11% in its first half to August 29 while EBITDA climbed 15% over the period.

Sales at the shirt specialist rose by 23% to £78m and EBITDA grew 16% to £13m over the full year to February 28.

The business opened five stores in Singapore over the period and will continue to push into the Far Eastern market over the next twelve months.

TM Lewin ramped up investment in its womenswear range over the period in a bid to grow sales from 18% of the business to 25% over the medium term.

Quinn said: “We have a strong balance sheet, a proven business model and strong operational disciplines. Our second half, which includes Christmas, is traditionally our stronger period and we are confident that we will deliver results for the year as a whole ahead of the prior period.”

TM Lewin has 69 stores in the UK and seven concessions.  

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