Noni B pleased with underlying EBITDA up 21%

Company News

by Rachael Jones

Women’s fashion chain Noni B (ASX:NBL) has reported underlying EBITDA of approximately $45 million in-line with guidance and up 21 per cent on the prior year.

The company recently acquired fashion brands Millers, Katies, Rivers and Crossroads from Specialty Fashion Group.

The earnings forecast was before transaction and restructuring costs relating to the acquisition totalling $9.1 million.

Total sales grew to approximately $864 million.

Shares in Noni B (ASX:NBL) trading 4.03 per cent higher at $2.84.