• Full-year pre-tax profit up 2.6% to GBP96.4m 
  • Total group revenue increased 6% to GBP784.7m
  • Online sales surged 75% to GBP8.4m

Internet and catalogue home shopping retailer N Brown Group has today (24 April) recorded 2.6% full-year pre-tax profit growth, helped by higher sales at all of its brands.

The company said profit before tax and fair value adjustments reached GBP96.4m (US$147.3m) for the 52 weeks to 2 March against the same period last year.

Total group revenue increased 6% to GBP784.7m from GBP753.5m last year. On a like-for-like basis, revenue rose 5.5%. Online sales jumped 15% to GBP424m.

Sales from the company's younger brands, including Simply Be, Jacamo and Fashion World, grew at its fastest rate - 15%, while brands targeting the over 50s such as JD Williams, Fifty Plus, Marisota and Julipa exhibited slower growth of 1%.

Sales from US operations surged 75% to GBP8.4m with the introduction of Marisota and Jacamo to complement Simply Be offering.

"We have delivered a good set of results for the group, and we have seen positive like-for-like growth in the period since year end," said N Brown Group chairman Andrew Higginson.

"Sales online have reached 55%, and with over a quarter of these now being transacted on a mobile device, we expect this trend to continue. With our strategy of on-going investment the business remains set to continue to grow in the future."

Chief executive Alan White added: "We are pleased to announce significant progress in the business. Online sales have maintained their strong upward momentum, our customer base has strengthened significantly and we have made good progress in the US and with our Simply Be/Jacamo concept stores. We have delivered strong revenue and profit results whilst making investments in these initiatives."

N Brown Group said revenue grew 6.3% during the first seven weeks of the new financial year, and by 6.1% on a like-for-like basis. Cold weather during the period had a "significant impact" on sales of summer clothing but this has been offset by "good performances" in menswear, home and gifts.

"Although we expect market conditions to remain challenging, based on the stronger customer file and the planned activities to drive further growth, the board remains confident in the outlook for the business," the group added.