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Bonmarché’s full-year profits jump 55%

Thanks to “successful enhancements to product ranges and prices”, Bonmarché grew revenue by 8.7% to £178.6m and profit before tax by 55.3% to £12.4m in the year to March 28.

The value womenswear retailer’s like-for-like sales increased by 4% during the period.

EBIDTA before exceptional items increased by 13.6% to £15.5m, while profit before tax margin was up 2% at 6.9%.

During the period the chain, which in 2014 won the Drapers Award for retailers with over £125m turnover, increased its share of the women’s value clothing market by 12.8% to 4.4%, according to Kantar Worldpanel.

Online sales were up by 36% and call centre sales by 32% thanks to improvements in its multichannel offer. The group opened net 29 stores and concessions and made progress in its store modernisation programmer rollout. The business operates 265 stores, 17 garden centre concessions and 10 other concessions.

“I am satisfied with the current year’s performance, in a year of contrasts between a strong performance in the first half, supported by good weather, versus a more challenging second half of the year,” said chief executive Beth Butterwick.

“Against this backdrop, we have continued to deliver improvements across the business and have achieved solid profit growth.

“The group’s financial position is sound, and we enter the new financial year with a strong balance sheet and confidence in our ongoing strategy.”

@Tara_Hounslea

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