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Bonmarché Holdings plc

Bonmarché shares advance as warm weather brings out the shoppers

Women's outfitters Bonmarché said it was confident of its growth strategy..

Bonmarché shares advance as warm weather brings out the shoppers
The outfitter focuses on women over 50

Women's outfitters Bonmarché (LON:BON) said it was confident of its growth strategy after reporting a 55% increase in pre-tax profits in the year just gone.

Pre-tax profits for the year to March 28 stood at £12.4mln compared to £8mln in 2014, on revenues, which were up 8.7% at £178.6mln compared to £164.3mln previosly. Like-for-like sales growth was 4% - 6% including online.

According to Kantar, the group increased its share of the UK women's value clothing market by 12.8% to 4.4%.

The firm attributed the strong sales in the first half with warmer weather, which saw customers seek out  jersey tops, cropped trousers and swimwear.

Chief executive Beth Butterwick said: "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.

"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 growth strategy.

Shares added 5% to stand at 283.5p.

Quick facts: Bonmarché Holdings plc

Price: £0.09

Market: LSE
Market Cap: £4.25 m
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