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Birmingham Post

Business

Jon Robinson

Group behind Simply Be, Jacamo and JD Williams warns profits will be at lower end of expectations

Jacamo JD Williams Simply Be

The online fashion group behind the likes of Jacamo, JD Williams and Simply Be has said its full-year profits are set to be at the lower end of its previous guidance.

Manchester-headquartered N Brown said its adjusted EBITDA for its current financial year is expected to be between £93m and £96m "reflecting the online market conditions and a slightly higher level of project spend now being expensed rather than capitalised".

In a statement issued to the London Stock Exchange, it said its board "remains confident in achieving the group's medium-term objective of delivering sustainable profitable growth".

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