News Flash

Labels push Intimas six monthly results

09 Oct '06

3 min read

Ladies' intimate apparel designer Intimas Group plc announces the interim results for the six months to 30 June 2006.

Highlights:
- Sales £8.4m (2005: £10.0m); Branded sales increased by 54 percent
- Profit before tax £1.6m (2005: £0.9m), after non-recurring items
- Acquisition of Charnos Lingerie helps take Branded Sales to 68 percent of total turnover
(Dec 2005: 33 percent)
- Exclusive supply agreement signed with Caprice for the “By Caprice” Lingerie range
- Trial move into retailing, with factory outlet stores to open this year at Braintree and Long Eaton
- Cash resources £7.2m (2005: £9.9m) - to be increased to £11.0m by proceeds of the Borrowash property sale.

Michael Hobbs, Chairman, comments: “The first half of the current year has been an eventful one for the Group, with two major additions to our branded portfolio, through the acquisition of Charnos Lingerie and the signing of an exclusive supply agreement with Caprice for her “By Caprice” Lingerie brand, and completion of the sale of our last remaining manufacturing site at Borrowash for a better than expected price. We believe that by establishing a strong portfolio of brands, and a more balanced set of distribution channels, we can maximise the Group's potential.”

Chairman's Statement - Trading
The first half of the current year has been an eventful one for the Group, with two major additions to our branded portfolio, through the acquisition of Charnos Lingerie and the signing of an exclusive supply agreement with Caprice for her “By Caprice” Lingerie brand, and completion of the sale of our last remaining manufacturing site at Borrowash for a better than expected price.

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