In-store trade grew 2.5% for stationery retailer in the 12 months to the end of March 2024.
The most recent trading figures (12 months to end of March 2024) show a slight decline in sales, with in-store sales increasing, but ecommerce slightly down as the retailer focuses on profitability in that channel.
In the update, the company said EBITDA for the full year (FY23) was £2.7 million, an improvement of about £4 million year-on-year. Revenue for the 12 months to March 2024 was £104.6 million. This was down on the previous year (£107.6 million), but the previous year included an extra trading week. Sales over ecommerce were lower, but in-store growth was 2.5%.
Ryman’s trading margin improved as footfall continues to recover in city centre locations, which were hit hard during the pandemic and its aftermath and are a key channel for the retailer.
Theo Paphitis, owner of Ryman commented: “I am very pleased with the progress made by the Ryman business over the past two years as it recovered from the impact of the pandemic. I increased my personal involvement in the business as ceo 16 months ago. As well as increased time in the business, I have invested and committed to further funding to ensure Ryman has the resources to build on this progress.”
