New Look posted pre-tax losses of £1.8 million for the year ended March 29, 2008 but EBITDA rose 13.6% to £200.6m.
According to accounts filed at Companies House, New Look’s like-for-like sales over the year fell by 2.8%. Total sales rose 14.3% to £1.17 billion, but this was boosted by the addition of a 53rd week to the period, which added £12.2m worth of sales.
New Look’s financing costs increased from £105.4m to £146m.
New Look emerged as one of the Christmas winners last month, when it posted a like-for-like sales rise of 2.8% for the 14 weeks ended January 3.