QUIZ announces preliminary results for year ended 31 March 2018

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QUIZ, the omni-channel fast fashion brand, is pleased to announce its preliminary results for the year ended 31 March 2018.

Tarak Ramzan, founder and chief executive officer, commented: “We are pleased to report a very good performance for the QUIZ brand during the year with excellent progress achieved from our omni-channel growth strategy. The brand has continued to deliver rapid growth online, with revenues up 158% year on year, as well as strong growth in international target markets and across our UK store and concession estate.

“QUIZ is continuing to grow its reputation as a leading fast-fashion brand known for fantastic value and quality. We have further expanded the brand with the successful launches of our CURVE and Bridal ranges as well as the recent launch of QUIZMAN.com. More recently the QUIZ X TOWIE collection, our first male and female capsule collection has been very well received.

“With our attractive customer offer, well-invested infrastructure and omni-channel business model with the flexibility to increase investment in higher return areas, QUIZ is well positioned to deliver strong growth in the year ahead in-line with the Board’s expectations.”

Financial highlights: million

FY 2018

FY 2017

Year-on-year growth

Group Revenue

£116.4

£89.8

30%

Underlying1 EBITDA

£12.7

£10.3

24%

EBITDA

£11.5

£10.3

Underlying1 Profit Before Tax

£9.8

£8.1

20%

Profit Before Tax

£8.5

£8.1

Underlying Basic EPS (pence)2

6.48

5.33

22%

Dividend per share (pence)

0.80

Net cash/(borrowings) at period end

£9.2

(£2.0)