Matalan, the UK’s leading out of town fashion and homeware retailer, is pleased to announce its Preliminary Results for the 52 weeks ended 28 February 2009.
inancial highlights
• Revenue £1,036.1m, up 2% (2008: £1,020m)
• EBITDA up 6.3% £145.1m (2008: £136.5m)
• Operating profit before exceptional up to £102.0m (2008: £89.4m)
• Gross margin % of 47.8% (2008: 47.3%)
• Cash at bank £56.9m (2008: £69.6m)
• £45m (2008: £60m) debt prepaid ahead of schedule
• Year end total net debt to EBITDA ratio of 1.7 times (2008: 2.0 times) with total net debt at £247.4m (2008: £275.3m)