Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Office profits recover despite 'tough conditions' in UK

Full-year EBITDA at footwear retailer Office have improved, after they were dented by one-off costs related to its sale to South African retailer Truworths in 2015.

Office has posted EBITDA of £32.4m for the 53 weeks to 2 July 2017, compared with £37.6m for the 74 weeks to 26 June 2016. 

It said its bottom line in 2015/16 had been “adversely impacted by transaction-related costs” related to the Truworths acquisition.

The improvement this year comes despite “continued tough trading conditions” in the UK, it added in documents filed at Companies House.

The retailer generated sales of £298.7m in the 53 weeks to 2 July, compared with £387.8m in the prior 74-week period.

It did not provide comparative figures or indicate the year-on-year percentage increase.

At year end, Office traded from 118 stores and 38 concessions, compared with 115 stores and 44 concessions in 2016.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.