Mothercare has swung to a pre-tax profit

Mothercare has swung to a pre-tax profit in the first half of its financial year after actions taken to transform the group in recent years paid off.

The group posted a pre-tax profit of £3.6 million in the six months to 25 September compared to a loss of £13.2 million in the prior year.

Adjusted EBITDA came in at £5.6 million compared to a loss of £0.1 million a year earlier.

Meanwhile, Mothercare said its turnover declined to £41,7 million from a previous £44.4 million after Covid-19 had a significant impact on its business throughout the world. At the half year end, it still had just over 10% of partners’ global stores closed.

Looking ahead, the group said it has a strong order book from franchise partners for the autumn/winter 2022 season.