Intimas H1 trading results in line with expectations
06 Oct '08
1 min read
Intimas Group plc is a designer and supplier of ladies' intimate apparel, with a portfolio of brands comprising Lepel, Charnos Lingerie, Ted Baker Intimates, DM and Urban Nights, a substantial private label division and retail outlets.
Key Points • Trading remains challenging as a result of the poor retail environment • Total group sales of £8.97m (2007: £6.97m) • Loss before taxation of £1.65m (2007: £2.21m) • Outline agreement on refinancing package with major asset backed lender • Strategic Review completed
John Gibson, Chairman, comments: "A great deal of work has been done in recent months to stabilise the business, address the problems of the past and set a new direction for the Group. We remain optimistic about the future but there is much still to be done. Our trading results are in line with expectations but the market is challenging."
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