Shoe chain Brantano has posted an increased first-quarter net loss of €2.7 million, affected by a €3.1m charge from the sale of its Danish stores.

Brantano, which said the figures met its forecasts, recorded a €0.5m net profit from continuing activites, compared to a pro-forma €0.4m a year ago.

The retailer, which was reporting results under International Financial Reporting Standards (IFRS) for the first time, said in April that first-quarter sales grew 2.2 per cent to €67.8m.

Brantano recently sold off its Dutch and Danish store chains in order to concentrate on its operations in Belgium, Luxembourg and the UK.