Seraphine FY revenue up, but pretax loss widens

9 days ago - By Fashion United

Image: Seraphine, Facebook
Seraphine has reported a widening pretax loss in what was a “challenging year” for the British maternity and nursing brand.
In the 12 months to April 3, the company made a pretax loss of 36 million pounds compared to a loss of 3.8 million pounds a year earlier.
Meanwhile, its adjusted EBITDA fell to 2.6 million pounds from 6.2 million pounds, with the company citing “lower than expected product revenue growth, increased supply chain costs, increased marketing costs, and unexpected costs of entering new markets”.
Despite the loss, the group posted a 28.8 percent...
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