Home / Knowledge / News / Apparel/Garments / Bonmarché's EBITDA jumps 50.6% to £13.7m in FY'14
Bonmarché's EBITDA jumps 50.6% to £13.7m in FY'14
13
Jun '14
Bonmarché, one of the UK’s largest women’s value retailers, reports its preliminary results for the year ended 29 March 2014.
 
Financial Highlights:
-Revenue up 11.9% at £164.3m (2013: £146.8m)
-LFL sales growth of 10.4%
-EBITDA (before exceptional items) up 50.6% at £13.7m (2013: £9.1m)
-Profit before tax up 66.1% at £8.0m (2013: £4.8m)
-Pre-exceptional PBT up 85.3% at £11.2m (2013: £6.1m)
-Profit before tax margin up 1.6% at 4.9% (2013: 3.3%)
-Pre-exceptional PBT margin up 2.7% at 6.8% (2013: 4.1%)
-Post-exceptional adjusted earnings per share up 52.1% at 11.1p (2013: 7.3p)*
-Recommend final dividend of 2.1 pence per share
 
Operational Highlights:
Market share of women’s value sector increased by 14% from 2.8% to 3.2%
 
Good progress delivered against strategic objectives:
-Successful product and price enhancements
-Increased online penetration with sales up 84%
-Improved store estate: new refit concepts trialled in select existing stores, two successful relocations and exit from 1 non-strategic store
-Improved customer service 
-Successful garden centre trials and established roll-out plan for FY15
 
Beth Butterwick, Chief Executive Officer of Bonmarché, commented, “I am pleased with the strong financial performance in the period since the IPO. FY14 was the first full year of implementing our new Business Plan and we have made good progress in each of our key strategic areas: product, multi-channel, stores and our service proposition.
 
“We are confident that the successful execution of our forward growth strategy, combined with our established position as one of the largest pure-play value retailers dedicated to women over 50, will enable us to continue building on our appeal and accessibility to these customers and, in turn, deliver value for our shareholders.”
 

Bonmarché Holdings

Must ReadView All

Apparel/Garments | On 28th Sep 2016

CMAI inks MoU with Chinese textile trade body CCCT

Indian apex clothing association, the Clothing Manufacturers...

Textiles | On 28th Sep 2016

India sees largest gain on WEF’s Competitiveness Index

India has shown the largest gain made by any country on the World...

Textiles | On 28th Sep 2016

Oerlikon to show new yarns and fibres at ITMA+CITME expo

The Oerlikon Manmade Fibers segment, the world market leader for...

Interviews View All

Amardeep Singh
Orient Craft

Nitin Soni
Dolphin Jingwei Machines

Saket Garg
Garg Corporation

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
September 2016

September 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search