N Brown Q3 in line with expectations

N Brown Q3 in line with expectations

With the settlement of its legal case with Allianz now finally behind it, N Brown says that product revenue for the period to December 31st, 2022 performed much as expected but that it anticipates a softer Q4. Accordingly adjusted EBITDA to remain in line with market consensus as stated at £57.5 million.

CEO Steve Johnston said; “We have traded in line with our expectations through a challenging period, as customers continue to be more cautious with their discretionary spending in the face of various, well-documented consumer pressures.

“Although we are cautious about the macro environment over the next 12 months, we remain confident in the resilience of our business and in the strategic investments which we are making for the long term.”


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