Ann Summers exits CVA as it swings back into black
Ann Summers has returned to profit as a result of its turnaround strategy, driven by strong online performance during the pandemic.
The lingerie and sex toy retailer has registered improved profitability over the past two years. Its EBITDA loss was reduced to £7.2m in the year to June 2020, compared with an EBITDA loss of £11.3m in the year to June 2019.
Over the year to June 2021, Ann Summers returned to profit, recording sales up 9.3% to £113.8m.
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