N Brown (GB:BWNG) has released an update.
N Brown Group reports a continued positive trajectory in its half-year financial results, with a 7.4% increase in adjusted EBITDA and a noteworthy shift from a statutory loss to a profit before tax. The company has successfully launched new websites for strategic brands and is progressing with its financial services platform transformation, maintaining a strong balance sheet while being cash generative post-investment. Despite a decline in overall group revenue and market challenges, the company’s strategic initiatives and cost management have led to improved profitability and an unchanged EBITDA outlook for FY25.
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