Mothercare has posted a pre-tax profit of £3.6 million for the 26 weeks ending 25 September, compared to a loss of £13.2 million in the year before.
At the end of the first half of its financial year, Mothercare still have over 10% of it’s partners’ stores closed. Despite this, its adjusted EBITDA was £5.6 million, compared to a loss of £0.1 million a year earlier.
Turnover for the period declined to £41.7 million from a previous £44.4 million due to the impact of the pandemic on its global business.
For the second half of the year, Mothercare reported strong orders from franchise partners for the autumn/winter 2022 season.
Clive Whiley, chairman, commented: “I am pleased to announce results that demonstrate we are moving closer to unlocking the true underlying potential of Mothercare, reflecting the strong foundations we have created for the business over recent years, despite the impact that Covid-19 still has had over the period.
“With positive feedback to our new product ranges, and a lean operating structure, we enter the second half with growing confidence for our future prospects.”
