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Harvey Nichols posts loss of £6.7m after transformational year

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Harvey Nichols swung to the red in its last financial year, although its turnover was flat amid “considerable disruption” caused by a major refurbishment scheme. The luxury department store made loss of £6.7 million before tax – and after charitable donations of £2.7 million – in the fiscal year ending April 1, compared to the previous year’s profit of £3 million after charitable donations of £1 million. In that same period, the retailer achieved EBITDA before exceptionals of £7.3 million, a marked decline on the £12 million recorded the year prior.

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Harvey Nichols posts loss of £6.7m after transformational year

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Harvey Nichols posts loss of £6.7m after transformational year

0 Comment

Harvey Nichols swung to the red in its last financial year, although its turnover was flat amid “considerable disruption” caused by a major refurbishment scheme. The luxury department store made loss of £6.7 million before tax – and after charitable donations of £2.7 million – in the fiscal year ending April 1, compared to the previous year’s profit of £3 million after charitable donations of £1 million. In that same period, the retailer achieved EBITDA before exceptionals of £7.3 million, a marked decline on the £12 million recorded the year prior.

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Harvey Nichols posts loss of £6.7m after transformational year

Tags: , , , , , , ,

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Your email address will not be published. Required fields are marked *

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