FatFace has reported an uplift in full year sales after it benefited from its full price trading policy.
In the 53 weeks to June 3rd, total sales increased to £226.1 million from £220.7 million in the previous year. EBITDA reduced to £29.7 million from a previous £33.5 million however on a constant currency basis EBITDA was up 0.9%.
Chief executive of FatFace, Anthony Thompson said: “In rapidly changing trading and currency environments, this result again demonstrates that FatFace is a resilient business. Trading momentum picked up in the second half of 2017 thanks in part to our policy of full price trading and has continued into the summer and autumn seasons where it has remained strong.
“Whilst the current outlook remains challenging, FatFace’s continued focus on quality, design and price integrity, positions the business very well. We are therefore confident that the current momentum will continue during the all-important winter season.”
