Press Releases
Press Releases
Sir Philip Green Announces Arcadia Group Results 2008/2009
FINANCIAL RESULTS FOR THE 52 WEEKS ENDED 29 AUGUST 2009
Download PDF version of the Financial Results
Financial highlights for the existing brands
- Pre tax profit of £213.6m, up 13.0% from £188.9m.
- Operating profit of £266.2m, up 2.1% from £260.7m.
- Total sales up 2.7% at £1,897.7m. UK like for like sales were level on last year.
- Cash generated from operating activities of £332.5m, £5m more than last year.
- Continued capital investment in the business with expenditure of £81.2m.
- Closing Bank debt of £535.8m, a reduction of £159.3m from £695.1m last year.
- The integration of BHS into the Arcadia Group was completed on 18 July.
- Ian Grabiner is to become the CEO of the enlarged Group.
