Debenhams plc announced preliminary consolidated earnings results for the full year ended September 1, 2018. For the year, the company reported revenue of GBP 2,227 million compared to GBP 2,335.0 million a year ago. Operating loss was GBP 481.3 million compared to operating profit of GBP 71.3 million a year ago. Loss before taxation was GBP 491.5 million compared to profit of GBP 59.0 million a year ago. Loss for the financial year attributable to owners of the parent was GBP 461.0 million or 37.5 pence per basic and diluted share compared to profit for the financial year attributable to owners of the parent was GBP 48.8 million or 4.0 pence per basic and diluted share a year ago. Net cash generated from operating activities was GBP 127.8 million compared to GBP 173.0 million a year ago. Purchase of property, plant and equipment was GBP 105.3 million compared to GBP 72.6 million a year ago. Purchase of intangible assets was GBP 30.7 million compared to GBP 52.2 million a year ago. Net debt as on September 1, 2018 was GBP 321.3 million compared to GBP 275.9 million a year ago. EBITDA was GBP 157.3 million compared to GBP 217.0 million a year ago. Underlying profit before tax and exceptional items was GBP 33.2 million from GBP 95.2 million in full year of 2017. Underlying earnings per share was 2.2 pence from 6.4 pence last year. Before exceptional items, operating profit was GBP 43.4 million and profit for the financial period attributable to equity holders of the parent Company was GBP 27.1 million against operating profit of GBP 107.5 million and profit for the financial period attributable to equity holders of the parent Company of GBP 78.0 million for the same period a year ago.


The company provided capex guidance for the full year of 2019. For the year, the company expects capital expenditure of GBP 70 million.