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.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.