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Quiz announces maiden dividend after year of growth
Online-focussed fast fashion brand Quiz announced its preliminary results for the year ended 31 March on Tuesday, reporting that group revenue increased 30% year-on-year, driven by strong growth across all channels.
The AIM-traded firm said its online revenue was up 158% to £30.6m, with underlying international sales ahead 32% at £21.2m and revenue from UK stores and concessions increasing 12% to £64.6m.
Underlying EBITDA increased 24% year-on-year to £12.7m, with the board declaring a maiden dividend of 0.8p per share proposed in respect of the second half.
The board also highlighted the company's successful placing on AIM in July, which raised £10.3m of new money for the business to help fund further expansion.
"We are pleased to report a very good performance for the Quiz brand during the year with excellent progress achieved from our omni-channel growth strategy," said founder and chief executive Tarak Ramzan.
"The brand has continued to deliver rapid growth online, with revenues up 158% year on year, as well as strong growth in international target markets and across our UK store and concession estate."
Ramzan said Quiz was continuing to grow its reputation as a "leading fast-fashion brand" known for value and quality.
"We have further expanded the brand with the successful launches of our Curve and Bridal ranges as well as the recent launch of Quizman.
"More recently the QUIZ X TOWIE collection, our first male and female capsule collection has been very well received.
"With our attractive customer offer, well-invested infrastructure and omni-channel business model with the flexibility to increase investment in higher return areas, Quiz is well positioned to deliver strong growth in the year ahead in-line with the Board's expectations."