Fashion retailer FatFace has revealed mixed full year financial results, which has prompted the company to warn that prices will increase in the next year.

The figures show that sales rose 7.4% to £220.7 million in the 52 weeks to May 28th whilst online sales rose 20.6%, accounting for 18.1% of overall sales, compared to 16.2% in 2015. Meanwhile EBITDA dropped 8% to £33.5 million from £36.5 million previously, due to economic uncertainty regarding Brexit, investment in the company and an unpredictable autumn.

Chief executive of FatFace, Anthony Thompson, said: "This has been a year of investment and transition for the business as we opened new stores internationally and delivered key infrastructure projects to support future growth.

“Investment in the business combined with the dollar strengthening against the pound and the clothing sector trading through an unexpectedly warm and wet autumn 2015, adversely impacted our EBITDA. Nevertheless, we maintained our full price stance through the Christmas trading period and delivered sales growth in all channels across the 12 month period.”

During this financial period, the company opened 12 new UK stores and started construction of a new 120,000 sq ft distribution centre that will be opening at Dunsbury Hill Farm in the fourth quarter.

Mr Thompson added: "As a number of major investment projects are nearing completion we are now entering a new period of expansion for the company. We now have even greater physical and IT capacity to drive our multichannel and international ambitions and are primed for further growth in sales and EBITDA."