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.