N Brown Group plc (LSE: BWNG), the online, catalogue and stores retailer, today announces its full year results for the 52 weeks ended 2 March 2013.
Highlights*
|
Total Group revenue |
£784.7m |
+6.0% |
|
Operating profit |
£102.2m |
+3.1% |
|
Profit before tax and fair value adjustments |
£96.4m |
+2.6% |
|
Adjusted earnings per share |
28.15p |
- |
|
Full year dividend |
13.68p |
+5.0% |
|
E-commerce sales |
£424m |
+15% |
|
Sales from USA operations |
£8.4m |
+75% |
|
Sales from newly recruited customers Gearing |
42% |
+24% |
|
Like-for-like sales for the 7 weeks ended 20 April 2013 |
|
+6.1% |
|
Confident outlook for 2013 |
|
|
Andrew Higginson, N Brown Group Chairman, said:
"We have delivered a good set of results for the Group, and we have seen positive like-for-like growth in the period since year end. Sales online have reached 55%, and with over a quarter of these now being transacted on a mobile device, we expect this trend to continue. With our strategy of on-going investment the business remains set to continue to grow in the future."
Alan White, Chief Executive, added:
"We are pleased to announce significant progress in the business. Online sales have maintained their strong upward momentum, our customer base has strengthened significantly and we have made good progress in the USA and with our Simply Be/Jacamo concept stores. We have delivered strong revenue and profit results whilst making investments in these initiatives.
This is my last set of results as Chief Executive of N Brown. It is hard to believe that the business I joined in 1985 with sales of £42 million could have delivered these results today. I would like to personally thank everyone for their support, enthusiasm and dedication over the years and I offer Angela Spindler and Andrew Higginson my full support and best wishes to continue to realise the potential of the group."
