24 May 2024, 17:05
By Furniture News Dec 10, 2018

Leekes group reports strong results

Leekes Retail and Leisure Group has reported another set of strong results. The group, which comprises a portfolio of Leekes home department stores together with the Vale Resort at Hensol, achieved turnover of more than £85m in the year to 31st March 2018, which resulted in an EBITDA of £4.3m and strong pre-tax profits. In H1 of the 2018/19 financial year, it has seen a further improvement in group turnover and profits, achieving last year’s EBITDA after just eight months of trading.

Emma Leeke, MD of Leekes Retail, says: “We are very pleased to post a great set of results in what has been a particularly challenging retail environment. Our trading in the first half of this year has also been exceptional, with retail profits up substantially as a result of the excellent performance of our conservatory, window and door division, as well as our fitted kitchen and bathroom departments.

Gerald Leeke, the group’s chairman, comments: “The Leekes Retail & Leisure Group invests heavily in capital expenditure projects aimed at continuing to develop the business and provide additional income streams to further strengthen the business. We have also diversified into property development over recent years and are delighted that this policy of recycling and reinvesting our profits has helped ensure the group continues to trade strongly in an uncertain economic environment.”

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