Bonmarche is bucking the trend of poor performance of online fashion retailers on AIM
It has been a year of contrasting weather which seems to have had an adverse effect on many fashion retailers on AIM, but Bonmarché (AIM: BON), one of the UK’s largest women’s value retailers, has today reported an excellent set of financial results for the year ended 28th March 2015.
Revenue was up 8.7% at £178.6m (2014: £164.3m), with PBT up 55.3% at £12.4m (2014: £8.0m). This was aided by the fantastic improvement on PBT margins, up 2% at 6.9% (2014: 4.9%).
The shares reactively positively to the news and now trade at approx. 13x March 2016 estimates, yielding approximately 2.50%, although upgrades might be on the cards after the results.
Bonmarché is one of the UK’s largest women’s value retailers, focused on selling…
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