N Brown increases 2013 interim dividend by 4%

DividendMax Ltd.

N Brown increases 2013 interim dividend by 4%

Highlights

Total Group revenue

£409.6m

+8.0%

Operating Profit

£48.4m

+5.9%

Profit before tax and fair value adjustments

£45.0m

+7.1%

Adjusted earnings per share

12.55p

+0.6%

Interim dividend

5.67p

+4.0%

E-commerce sales up 13% with mobile accounting for 36% of web traffic

 

 

Store portfolio expansion confirmed with two new stores opening in 2013

 

 

International focus on US market

 

 

Like-for-like sales for the five weeks to 5 October

 

+8.0%

Confident outlook for the full year

 

 

 

 

 

Andrew Higginson, Chairman, said:

"I am very pleased to be reporting strong sales growth of 8% for the first half of the year. During the period, we have welcomed Angela Spindler as CEO and have completed an extremely successful handover from Alan White, to whom I would like to give my personal thanks. The business is in an excellent position to continue to deliver positive results, as evidenced by our strong start to the second half."

Angela Spindler, Chief Executive, added:

"I have spent my first three months looking at the business in detail and I am extremely excited by what I have seen. As these results demonstrate, the business is performing well, with significant opportunity for growth in the future based around our products, delivery channels and international development. Today, I am pleased to confirm the roll out of our Simply Be/Jacamo store portfolio in the UK and I am looking forward to working with the excellent management team to build a leading global retailer famous for making shopping for fashion easy and enjoyable, regardless of size."

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