Frasers Group Plc (LON: FRAS) reports a 7.4% decline in revenue for H1 FY21

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Frasers Group Plc (LON: FRAS) reports a 7.4% decline in revenue for H1 FY21

 

Frasers Group Plc (LON: FRAS) has released its results of H1 FY21 for the period ended 25 October 2020.

  • The Group’s overall revenue declined by 7.4 per cent to £1,893.3 million as compared to £2,043.5 million in the same period last year.
  • Business segment wise, UK Sports Retail revenue declined by 9.8 per cent, European Retail down by 3.7 per cent, Rest of World Retail lower by 16.3 per cent and Wholesale & licensing segment witnessed revenue decline of 21.5 per cent, however, Premium Lifestyle was the segment which reported revenue improvement of 4.8 per cent for the reported period.
  • Reported EBITDA increased by 23.1 per cent to £1 million, while the Group’s gross margin was reported at 44 per cent.
  • The stocks of the company on 10 December 2020, traded higher by 2.96% from its previous closing, hovering at around GBX 452.00 at 11:52 AM GMT+1.

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