N Brown Group plc (LSE: BWNG), the internet and catalogue home shopping company, today announces its full year results for the 53 weeks ended 3 March 2012.
Highlights:
|
Total Group revenue |
753.2m |
+4.8% |
|
Pre-tax profit |
96.9m |
+2.5% |
|
Adjusted earnings per share |
28.91p |
+7.0% |
|
Full year dividend |
13.03p |
+5.0% |
|
E-commerce sales |
377m |
+16% |
|
Sales from Simply Be USA |
4.8m |
+500% |
|
Figleaves deliver first ever profit in 13 years |
|
|
|
Like-for-like sales for the 8 weeks ended 28 April 2012 |
|
+0.6% |
|
Confident outlook for 2012 |
|
|
Lord Alliance of Manchester, CBE, Chairman, said:
"We are pleased to announce another robust set of results despite a difficult trading environment where our customers have seen their discretionary income become increasingly hard-pressed. We have continued to focus on our multi-channel strategy, investing in our online trading platform, whilst also expanding our international activities.
Although we do not expect the market to materially improve, we believe consumer confidence will begin to pick up later this year and we are confident that our strategy will continue to deliver in 2012.
Alan White, Chief Executive, added:
"We have delivered a solid performance for the year, driven by the development of multi-channel trading and new product ranges. The highlights include increased online penetration, strong growth in our younger titles and our expansion into stores and international markets. We are particularly pleased to see Figleaves delivering its first ever profit, good sales growth from High & Mighty and by the performance of our Simply Be, Marisota and Jacamo brands.
Looking ahead, our multi-channel strategy, combined with our focus on niche customers and products and the flexibility of our business model will look to overcome the challenging macro-economic conditions. The Board remains confident that we will continue to make progress this year."
