Final results
Financial Highlights:
· Revenue up 8.7% at £178.6m (2014: £164.3m)
· LFL sales growth of 4.0%, 6.0% including online
· EBITDA (before exceptional items) up 13.6% at £15.5m (2014: £13.7m)
· PBT up 55.3% at £12.4m (2014: £8.0m)
· Pre-exceptional PBT up 10.4% at £12.4m (2014: £11.2m)
· PBT margin up 2.0% at 6.9% (2014: 4.9%)
· Pre-exceptional PBT margin up 0.1% at 6.9% (2014: 6.8%)
· Pre-exceptional basic adjusted EPS up 11.3% at 20.7p (2014: 18.6p)*
· Recommend final dividend of 4.5 pence per share, taking the full year dividend to 6.8 pence per share
Operational Highlights:
· Continued increase in market share:
o Share of UK women's value clothing market increased by 12.8% to 4.4% (Kantar)
· Progress made in achieving strategic objectives:
o Successful enhancements to product ranges and prices
o Improvements in multichannel delivered 36% growth in online sales and 32% increase in call centre sales
o Opening of net 29 new stores/concessions in target locations and progress made in roll out of store modernisation programme
o Increased the number of most loyal core customers
o Launched refreshed Bonmarché brand to align with evolving customer base