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 stylish, affordable, premium quality clothing and accessories in a wide range of sizes for women over 50 years old, via its own store portfolio, website, mail…