viewQuiz PLC

Quiz profits jump as millennials snap up ranges

Quiz’s AIM listing was one of the largest on the junior market this year so far

picture of Quiz shop
Quiz is a mixture of shop and online

Millennials-focused womenswear group Quiz Plc (LON:QUIZ) posted strong half year numbers in the first results since it listed on AIM in July.

Strong sales had already been flagged, but underlying profits [EBITDA] matched the growth in revenue with a 32% rise to £6.2mln.

READ: ASOS and Boohoo face new AIM rival as fashion retailer Quiz set for £200mln IPO

Revenues rose by 35% to £56.1mln as Quiz opened its first stores outside the British Isles, in Spain.

Quiz’s AIM listing was one of the largest on the junior market this year so far, with £103mln worth of shares sold at 161p including £10m raised for the company.

Including the float costs, statutory profits were flat at £3.7mln.

Fast fashion

Quiz aims for the age 15-35 market (millennials) and a smart casual wear range that it can change quickly to keep up with fashion trends.

A clicks and mortar business (online and shops), online sales rose by 205% to £13.8mln as a new distribution centre came online.

UK stores and concession revenue rose by 15% to £32.3mln and international sales by 26% to £10mln.

Tarak Ramzan, chief executive, said trading had remained strong since the end of the half year and it is optimistic going into the key Christmas period.

All channels should show growth this year, he added.

Shares rose 4% to 163.8p.

Quick facts: Quiz PLC

Price: 6.3 GBX

Market: AIM
Market Cap: £7.83 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...



Xpediator PLC's CFO Robert Ross and COO of Logistics Romania to step up as...

Xpediator PLC's (LON:XPD) CFO Robert Ross speaks to Proactive's Andrew Scott following the news chief executive Stephen Blyth will step down from the position. Blyth will continue as a director in the position of founder and non-executive deputy chairman. While the search for a permanent...

20 minutes ago

2 min read