N Brown Group has posted annual sales of £600.9m for the year to 2nd March 2024, which is down from the £677.5m posted for the 53 weeks to 4th March 2023. The business did, however, generate a statutory pre-tax profit of £5.3 million, which reverses the pre-tax loss last year of £71.1m.
Steve Johnson, CEO, said: “We have delivered against our strategic and financial objectives this year. We have kept to our transformation plans, despite the macroeconomic backdrop, whilst building resilience through our strong balance sheet and achieving adjusted EBITDA above market expectations.
“Looking ahead, our strong liquidity position allows for continued investment in our strategy, positioning the business for sustainable growth whilst always improving the customer experience.”
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