Tendam returns to profitability in Q2

Tendam Brands, the parent company of the Tendam Group, posted a return to profit in the second quarter reaching adjusted EBITDA of 31 million euros and EBT (earnings before taxes) of 8.7 million euros. The company said in a statement that Tendam’s total revenues reached 260.3 million euros, down 23.6 percent, buoyed by the gradual reopening of brick-and-mortar stores and by the robust growth in online sales and an increased conversion rate.