Business
Preliminary Results for year to 31 January 2021
Preliminary Results for year to 31 January 2021.
About this update from Card Factory Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 4057B\n Card Factory PLC\n 10 June 2021\n \n \n \n \n 10 June 2021\n \n \n Card Factory plc (\"Card Factory\" or the \"Group\")\n \n \n \n \n \n Preliminary results for the year ended 31 January 2021\n \n \n \n \n \n \n \n \n Card Factory, the UK's leading specialist retailer of greeting cards, dressings and gifts, announces its preliminary results for the year ended 31 January 2021 ('FY21').\n \n \n \n \n \n Financial summary \n \n \n \n \n \n \n \n \n \n Financial Metrics\n \n \n \n \n Note\n \n \n \n \n FY21\n \n \n \n \n FY20\n \n \n \n \n Change\n \n \n \n \n \n \n Revenue\n \n \n \n \n \n \n \n £285.1m\n \n \n \n \n £451.5m\n \n \n \n \n (36.9%)\n \n \n \n \n \n \n Card Factory LFL sales\n \n \n \n \n (i)\n \n \n \n \n 0.1%\n \n \n \n \n (0.5%)\n \n \n \n \n 0.6 ppts\n \n \n \n \n \n \n Underlying Profit before tax\n \n \n \n \n (i)\n \n \n \n \n (£15.2m)\n \n \n \n \n £67.2m\n \n \n \n \n (122.6%)\n \n \n \n \n \n \n Profit before tax\n \n \n \n \n \n \n \n (£16.4m)\n \n \n \n \n £65.2m\n \n \n \n \n (125.2%)\n \n \n \n \n \n \n Underlying EBITDA\n \n \n \n \n (i)\n \n \n \n \n £47.0m\n \n \n \n \n £125.9m\n \n \n \n \n (62.7%)\n \n \n \n \n \n \n Underlying Basic EPS\n \n \n \n \n (i)\n \n \n \n \n (3.7p)\n \n \n \n \n 15.7p\n \n \n \n \n (123.6%)\n \n \n \n \n \n \n Basic EPS\n \n \n \n \n \n \n \n (4.0p)\n \n \n \n \n 15.1p\n \n \n \n \n (126.4%)\n \n \n \n \n \n \n Leverage (excl. lease liabilities)\n \n \n \n \n (i)\n \n \n \n \n 2.3x\n \n \n \n \n 1.1x\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Notes to table above:\n \n \n i. See explanatory Note 1 \"Alternative Performance Measures\" for further information and definitions.\n \n \n \n \n \n Summary of the financial period \n \n \n \n \n \n · \n Store estate closed for an average of five months with significant impact on profitability \n \n \n · \n Effective and swift action preserved cash, with £35m reduction in net debt in FY21 \n \n \n · \n Better than expected reopening performances after lockdowns one and two \n \n \n · \n High growth in Card Factory online (+135.3% to £11.1m) and Getting Personal (+12.2% to £16.5m)\n \n \n · \n Positive initial signs from early actions following the refreshed strategy launched in July 2020 \n \n \n · \n PBT ...