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

Pakistan govt notifies 50% duty drawback on exports

Textiles | On 21st Oct 2017

Pakistan govt notifies 50% duty drawback on exports

The Pakistan government has notified the ‘Duty Drawback of Taxes...

Ghana sets up task force to clamp down on textile piracy

Textiles | On 21st Oct 2017

Ghana sets up task force to clamp down on textile piracy

Ghana’s ministry of trade and industry has set up a taskforce to...

Courtesy: Coach

Fashion | On 21st Oct 2017

US company Coach to change name to Tapestry from Oct 31

Coach Inc., a New York-based house of modern luxury accessories and...

Interviews View All

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Silke Brand-Kirsch
Schlegel und Partner

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

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

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

October 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
77.1%
No
12.9%
Skip
10.0%

Total Votes: 70

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.4%
No
28.6%
Skip
10.0%

Total Votes: 70

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
85.7%
No
10.0%
Skip
4.3%

Total Votes: 70

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
75.7%
No
11.4%
Skip
12.9%

Total Votes: 70


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search